A New Book Review on the Crisis of Crowding

Posted by on Mar 2, 2013 in Blog | Comments Off on A New Book Review on the Crisis of Crowding http://www.cfala.org/i4a/pages/index.cfm?pageID=4052#Crisis
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The So-So Returns of Losers in January 2013

Posted by on Feb 28, 2013 in Blog | Comments Off on The So-So Returns of Losers in January 2013 In a previous blog, I wrote about the strategy of buying the previous year’s losers and selling the previous year’s winners.  So how did the strategy do in January 2013?  Not so well, but it didn’t hurt either.  The long-short return was 4.44%.  Two companies in the loser portfolio were gone by the end of January.  One was Theratechnologies (THER), which was delisted from...
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Don’t Blame Lance, Blame Yourself

Posted by on Jan 21, 2013 in Blog | Comments Off on Don’t Blame Lance, Blame Yourself Lance Armstrong is again a hot topic, given his confession to doping this week.  Many people say it doesn’t matter…he’s done.  I was never a big Lance Armstrong fan.  I never bought his bracelets and I never got into the hype.  And despite all his denials over the years, I always believed he was doping.  Cycling is a sport that is so loaded with doping that it’s hard to...
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When Losers are Good Company

Posted by on Jan 14, 2013 in Blog | Comments Off on When Losers are Good Company A few years ago, when I helped create portfolios for retail customers, my research group considered offering customers the possibility to buy the worst performing stocks of the previous year.  The logic is not too different from the Dogs of the Dow strategy.  If you remember, the Dogs of the Dow strategy buys the highest dividend yielding stocks at the end of the calendar year and holds them for...
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The Amazing Walt Disney

Posted by on Dec 31, 2012 in Blog | Comments Off on The Amazing Walt Disney Today I went to visit the Walt Disney museum in San Francisco. The museum is so appropriately situated in the Presidio area with a splendid view of the Golden Gate bridge. Although I knew about Disneyland, Mickey Mouse, and Mary Poppins, I learned a few special things today and I thought I would share. First, I learned that Walt Disney and Roy Disney (brothers) didn’t always have it easy....
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