…wrote an article about him in 2014 (which you can find here), when a company he founded, thestreet.com was publicly traded and losing a lot of money. I wrote at…
…31. Returns were great in August, so this understates everything by a little bit, but I wanted the end dates to match and getting 10 year returns for an odd…
…Bund Slump Turns Volatile.‘ The first thing I did was pull up the year-to-date performance of his current fund, the Janus Global Unconstrained Bond Fund (ticker: JUCIX, which I presume…
…value of a stock, known as the equity or book value. The P/B is computed by subtracting the company liabilities from the assets, much like determining the equity in your…
…few years now, exchange-traded fund (ETF) companies are rolling out Emerging Markets exChina funds, trying to capture shifting investor preferences. Although we’re almost certainly going to continue with our broad-market…
…comes from the stock portfolio and it’s 95 percent (in technical terms, this is the contribution to variance). Assuming that the historical return, volatility and correlation estimates hold true in…
…been able to escape reading about it in recent months because some of the top hedge fund players had huge positions in VRX. One in particular, Bill Ackman’s Pershing Square,…
…That assumes zero expenses, which is really hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that assumes with zero R&D over the next…
…mind was: what if everybody indexed? Theoretically, indexing doesn’t work if everyone indexes because the market needs active managers to set prices. Imagine a pharmaceutical company develops a new drug…
Which sector returns were better last year, healthcare stocks or utilities? There’s no question that both had great years, up 25.26 and 28.94 percent respectively, compared to 13.66 percent for…
