2021 – The Second Act of a Drama that Began in 2020 It would seem to be counterproductive to look at these past 12 months in isolation. They were, rather, the second act of a drama that began early in 2020, the precipitant of which was the greatest global public...
Investor Pigeon-Holing: One More Reason the Money Management Industry Sucks
“The investor's chief problem—even his worst enemy— is likely to be himself.” Benjamin Graham would have shaken his head in shame were he alive today. Known as the “Founding Father of Security Analysis” and Warren Buffett's mentor, he regretfully predicted a...
Bull Market Continues as Asset Allocation Model Approached Euphoria
Have you read my Q2 letter? If not, prepare to feel euphoric. And not just because it’s short! Investors – maybe even you – were approaching euphoria by Q2’s end, according to the Hays Advisory’s asset allocation model, which estimates stock market risk over the next...
1st Half Update: ValueAligned Hedge Fund, Portfolio
1st Half Update: VAP Hedge Funds, Portfolio The ValueAligned Hedge Fund was up +7.9% in the first half of 2014, and that compares to +1.0% for other stock hedge funds like ours, as measured by the HFR Equity Hedge Fund Index. The ValueAligned® model portfolio that is...
Hedge fund is +6.0%; ValueAligned Model Portfolio +5.2%
Mergers & Acquisitions Power VAP Portfolios Mergers & acquisitions are mostly to thank for our YTD results through May 31, 2014. The hedge fund is +6.0% year to date, while other stock hedge funds are down -0.3%. The ValueAligned model portfolio is up +5.2% on...
NEW VIDEO: Buy and Manage Account, Buy and Hedge Fund Both Up
Buy and Manage Account, Buy and Hedge Fund Both Up Through April 2014 Curious how the ValueAligned Fund (Buy and Hedge) and the ValueAligned Portfolio (Buy and Manage) are performing? Then you’ve come to the right place! Here’s a recap of our 2014 success through...
Economic Freedom Increases When Congress Does Nothing
These are just a few posts where I make the case that too much government spending as a percentage of overall national income is bad for stocks and stocks go up in anticipation of the government spending going down: Stocks Do Worse When Congress Is In Session, Tax...
ValueAligned First Quarter Review for 2014
2014 First Quarter Review The ValueAligned Hedge Fund was up +3.3% for the first quarter, and that compares to +1.3% for other stock hedge funds like ours, as measured by the HFR Equity Hedge Fund Index. The ValueAligned® model portfolio, which is available only to...
Most Managed Funds Beaten By Low Cost Index Funds
Indexed Funds Often Beat Managed Funds Only about 20% of managed 401(k) funds deliver better returns than those that are simply indexed to broader market performance, according to research conducted by the Vanguard mutual fund investment company. The problem:...
What’s Up? The ValueAligned Model Portfolio
ValueAligned Portfolio Results +34.4% in 2013; +3.4% Since Year’s End What’s up? The ValueAligned® Model Portfolio. The VAP was +34.4% last year, handily beating our +15% per year goal. And we’re +3.4% since the end of 2013. (Just for your reference, the S&P...