…large cap stocks didn’t fare as well, gained 11.19 percent, an underperformance of -2.49 percent. Using these indexes, the value momentum combination earned 12.38 percent, an underperformance of -1.31 percent….
…US Treasury on January 31st was 1.51 percent. On Friday, February 21st, it was 1.47 percent, modestly lower, but largely unchanged. By Friday, February 28th, the yield dropped to 1.15…
…cut-throat competition, the suppliers are a duopoly (Airbus and Boeing), extreme regulatory regime and have volatile input costs in the form of volatile oil. I’m sure that the backtest for…
…stands today would cost the government $23.6 million in taxes (the $99 million gain times 23.8 percent in federal long-term capital gains tax). That may be true, but the government…
…non-investment grade companies, whose financial position won’t allow their bonds to be rated AAA, AA, A, or BBB (forgetting the +/- for each grade). The chart below shows this yield…
…tech companies like eBay ($50.6 billion), Yahoo ($40.7 billion), Amazon ($153.1 billion) and Facebook ($202.6 billion). I am frequently asked two questions about Alibaba. First, what is it? Alibaba, through…
…32.39 percent respectively. If you’re like me, it’s possible that you forgot the whole thing even though I followed it very closely at the time. More importantly, though, I just…
…to developed and emerging markets. Developed markets include countries like Japan, the UK, German, France, etc. Emerging markets are countries like China, Taiwan, Brazil, India, etc. These definitions are a…
…I can say that we won’t buy it. There’s a quote attributed to PT Barnum that comes to mind: ‘there’s a sucker born every minute.’ And, t’s too bad, really….
…as an independent firm. By that time, we had hired John McClelland, Stacie Brost, Bob Schramm, Minjung Son, and Ryan Craft. Since then, we’ve hired many wonderful folks and now…
