Can a single page of a book change your investment life? We believe it can. Periodically, we highlight some of the Great Pages that have had a great impact on our investment philosophy. Today, we cheat just a bit, looking at two pages in James O’Shaughnessy’s classic “What Works on Wall Street”. O’Shaughnessy talks about why models are better at predicting outcomes than humans are.
People can become infatuated with potential, and that’s particularly true when it comes to investing in tech stocks. But Validea CEO John Reese says that investors shouldn’t get too smitten with tech plays that are more hype than substance.
In a couple of rare interviews, top stock-picker Joel Tillinghast recently said that he thinks markets have gotten “colossally artificial”, and that he’s finding more value opportunities overseas than in the US.
Wells Capital’s James Paulsen thinks a much-needed correction is coming for the stock market.
The Economic Cycle Research Institute finally threw in the towel on its off-the-mark 2012-13 recession call earlier this month. But given the firm’s stellar long-term track record, ECRI’s take on where the economy is heading now — and why it missed the mark on its recession call — are important to understand.