Wharton Prof Duel: Siegel vs. Stambaugh

Several weeks back we highlighted a new study that found stocks are actually more risky in the long run than they are in the short run. Today in an interview posted on the University of Pennsylvania’s Knowledge@Wharton web site, two Wharton School professors — Robert Stambaugh, one of that study’s co-authors, and Jeremy Siegel — […]

Yardeni’s 12 Reasons for Optimism

Yes, the news this morning is filled with swine flu and a bigger-than-expected first-quarter GDP drop, but Ed Yardeni of Yardeni Research — who has a pretty good track record of economic forecasting, including his solid calls on the last recession recovery in 2003 — is offering several reasons for economic optimism. (A tip of […]

Tilson, Heins, and Recency Bias

How did so many investors and analysts fail to recognize the looming economic and stock market crises in recent years? In their latest Forbes column, Whitney Tilson and John Heins say that “recency bias” is a big reason — and a major challenge facing all investors. “One of the more insidious investor biases is a […]

Barron’s Top Advisors

Barron’s has unveiled its annual “Top 100 Financial Advisors” feature, with the new #1 being Gregory Vaughan of Morgan Stanley in Menlo Park, California — and the theme of the article being how these advisors are rethinking their approaches given the recent market meltdown. The top advisors “are giving diversification a thorough rethinking,” Barron’s Suzanne […]

Biggs vs. Mauldin: Will The Rally Hold?

The big question in the market these days is, of course, whether the current rally is really the start of a new bull run, or if it is another bear market head fake. And two interesting, differing takes on the topic come from top strategists Barton Biggs and John Mauldin. In a recent CNBC interview, […]

Risk and Asset Allocation

In a piece written for Forbes’ Intelligent Investing section, David Serchuk today offers some interesting data on risk and portfolio management. One point made by several of those Serchuk interviewed is that asset allocation is a crucial, and often overlooked, key to managing risk. “The macro-picture here is that asset allocation remains an easy way […]

S&P’s Stovall: Retest in the Works

Sam Stovall, Standard & Poor’s chief investment strategist, offered some interesting data on whether this rally is for real in an interview with CNBC today. Stovall — who said back in March that the S&P 500 could rally 22 percent over the short term based on historical trends — says the market is due for […]

Forester Sounding Bullish

Tom Forester — whose Forester Value Fund was the lone stock fund to make money in 2008 — tells MarketWatch that he’s now only holding a small portion of his portfolio in cash, has dropped his hedge positions, and sees more upside than downside in the market for the next three to five years. “It […]

A History of Resilience

The economic news has offered some rays of hope in the past few weeks — surprisingly good bank earnings, unemployment declines, improved capital-raising conditions for corporations — and the markets have responded. Whether the next few weeks will provide the same hopeful signals, however, remains to be seen. But whatever the short term brings, the […]

Rogers: Diversification “A Scam”

Commodities guru Jim Rogers offers his take on the current state of the economy and stock market in an interview with BusinessWeek, saying that diversification is “a scam”, that the U.S. might be better off letting a couple big institutions fail now, and that commodities are the place to be — whether the world economy […]

Market Opportunities, but Long U.S. Economic Recovery, Strategists Say

Three top market strategists — Francois Trahan of ISI Group, Dennis Stattman of the Blackrock Global Allocation Fund, and John Dorfman of Thunderstorm Capital — had some encouraging views on the stock markets on Consuelo Mack’s WealthTrack recently, though they think the U.S. economy could be in for a long haul in righting itself. Trahan […]

“Fair Value”: The GMO Perspective

The big question on many investors’ minds lately has been whether the recent market plunge has caused stocks to be undervalued — and, if so, how much more undervalued they might become. One obvious question involved in that debate: What goes into figuring the fair value of the market? In a white paper recently posted […]

Fisher: “Look Up and Out”

In his latest Forbes column, Kenneth Fisher says that bargains abound in the market — and that, with a “wall of money” coming from the global stimulus efforts, now is a time to be bullish. And, in an interview with Bloomberg, he says the bull run could be a big one. “Why aren’t people buying […]

Hedge Fund Guru: Buy & Hold Far from Dead

Is buy-and-hold dead? Lloyd Khaner, whose hedge fund has a successful two-decade track record, tells Forbes.com that he doesn’t think so — though he says successful implementation of a buy-and-hold approach isn’t as simple as many assume. “Buy and hold for the smaller, individual investor is not gone,” says Khaner, whose Khaner Capital fund (which […]

Ritholtz: Three Things to Remember in this Rally

Barry Ritholtz of The Big Picture blog writes that investors need to remember three things as they consider whether the current stock surge is a bear market rally, or the start of something bigger: Follow the Playbook: Ritholtz writes that “the smart investor’s playbook is very different in bear markets than bull markets”. In bulls, […]

Kass Turns Bullish on Berkshire

On the same day that Moody’s announced its credit rating downgrade of Berkshire Hathaway, Doug Kass — who’s made some hay by being short on Berkshire shares for the past year — writes on TheStreet.com that he’s now bullish on Warren Buffett’s firm. “When conditions change, as they appear to be doing now … opinions […]

Portfolio Size: How Big Is Big Enough?

How many stocks should you own? Rob Wherry of SmartMoney.com takes an interesting look at that question today on The Wall Street Journal’s web site. Wherry examines “focused funds” (those that own fewer than 50 stocks), narrowing the list down to 18 that meet performance, fee, sales load, and manager experience requirements. Among the funds […]

A “Superinvestor” and Other Depression Survivors Weigh In

Very interesting piece from SmartMoney’s Reshma Kapadia in the magazine’s new May issue. (It doesn’t appear to be available online yet; when it is, we’ll add the link). With all the recent talk about whether the U.S. is headed into — or is already in — a depression, Kapadia interviewed three money managers who actually […]