Go Bottom-Fishing Like It’s 2016 Again?
The Feb-16 to Jul-16 period was the last time that “Recovery” stocks outperformed the market (and spectacularly so). Until now.
Butterwire Performance 2019 Year-To-Date: Long-Short Spread Well Into Double-Digits
Butterwire’s Global Index of “Interesting” Research Candidates is up 7% relative to MSCI ACWI year-to-date, while that of “Potential Short” Candidates is down -18%. We have looked back at the list of candidates as per 31/12/2018 and analysed how the names fared year-to-date.
Beyond Equities: Butterwire Takes on Dynamic Asset Allocation
An upcoming additional feature in the “Markets” section of the Butterwire app is aimed at informing investors’ allocation decision across asset classes.
We introduce a simple framework to assist the timing and nature of dynamic allocation decisions between equities, government bonds, gold, commodities, and real estate.
3M shares down 13% yesterday illustrates the importance of “controversy” in stock selection
Like the power output of a petrol engine (a direct consequence of how fast it rotates and how much twisting force it produces, hence power = revolutions per minute x torque), the power output of a stock-picking engine (aka outperformance) is a direct consequence of how fundamentally attractive the selected stocks are and how much controversy is associated to them (hence expected outperformance = fundamentals x controversy)
Of elephants and mice - the untold story behind the rise of index trackers and the demise of active funds
The success of index trackers over the past few years has been nothing short of stupendous. They charge incredibly low fees and hardly any active fund manager has come close to beating them. Many retail investors have found religion in “going passive” and even wonder how actively managed funds can still exist. And if it is that hard for smart full-time professionals to beat a stupid passive fund, what does it say about your chances of being a half-decent steward of your self-invested pension money?
Turns out your chances rise with every passing day, whether to pick the right fund manager or the right stocks to invest in.