Flip on financial TV, and you might come across a segment about the so-called death of value investing. After years of outperformance from high-flying and sexy growth stocks, many pundits proclaim a new paradigm for retail investors to pile into. The old school Warren Buffett-style investing...
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This blog was originally posted in December 2020, republished with updated data.
Of the many charts illustrating the enormous run-up of growth stocks in the past few years, the chart below may take the cake.
Tesla (TSLA) began 2020 with a market capitalization under $100 billion, and by November 25
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One major impact from Russia’s invasion of Ukraine has been to pour fuel on the fire of rising commodities. And, as we are often reminded during crises, it’s difficult to see around every corner, and predict corollary impacts from resulting volatility.
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It’s only a month, but value stocks have significantly outperformed growth out of the gate in 2022. While we won’t try to make a call on whether this is a long-term rotation, we don’t find the outperformance surprising, and see a few reasons why it could continue.
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Few would quibble that 2021 was a strong year for stocks. But how strong, and where did those returns come from? Take a guess on the 2021 returns for the four indices below, then scroll down to see the actual numbers, and our perspective on what it means.
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As the calendar flips to 2022, we wanted to offer a quick look back at some of our most popular blogs from the prior year. They cover issues that are still salient today. Below you’ll find prior blogs on the emergence of meme stocks, the unusual dominance by large cap stocks, and the story of our...
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Risk is a hot potato. (In more ways than one.) We can’t talk about risk until we define it and give it context.
YODA from Star Wars said, “Named must your fear be before banish it you can.”
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Some portfolio managers shy away from the difficult questions. Not the team at Prospector Partners:
Rarely can entire markets be characterized by a broad, sweeping statement. Instead, we often find there are “markets within markets” – pockets of the stock universe that are behaving quite differently than the broader group. Often, these pockets are the areas that offer the most opportunity for...
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With U.S. equities closing in on records again, and with stocks in bull market territory for the better part of the last 13 years, many investors may wonder how “defensive” their equity portfolio is. It’s not an easy question, as there is more than one way to define it.
Our own definition of...
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