It’s not that agnostics don’t care, they’re just indifferent. They neither place faith in nor disbelief with the subject at hand. That, in a nutshell, is our view of the makeup of the S&P 500, one of the benchmarks to which we compare the performance of our strategies. Specifically, it is the...
Read More
Over ten years into the current bull market in equities, and likely closer to the end of the economic cycle than to the beginning, investors and corporate management teams are struggling to determine the best places to allocate capital. With concerns over slowing global economic growth, Brexit and...
Read More
Happy New Year!
We sincerely appreciate your continued interest and support of our market insights. Below we recap our 3 most popular blog posts of 2019.
As always, we welcome your comments or questions.
Read More
As portfolio managers, we are often asked how we think about risk management at both the portfolio level and the individual stock level. From a bottom-up stock analysis standpoint, we believe the way we view risk is quite different than most investors.
Read More
Asset flows into exchange-traded funds (ETFs) over the past twenty years have been staggering, especially during the post-2008 period. In November of this year, U.S.-based exchange-traded funds surpassed a record $4 trillion in assets1. The graph below illustrates the dramatic growth:
Read More
“We are attracted to the downside protection that a convertible security’s bond feature offers, while also offering the ability to capture a significant portion of the upside in the issuer’s stock, given the convertible feature.”
At Prospector, we have had a long-standing attraction to convertible...
Read More
Portfolio Managers John Gillespie, Jason Kish and Kevin O’Brien sat down and answered 11 questions regarding the team’s unique value-investing philosophy, lessons learned from past experiences and thoughts on running their business. In today's blog, they answer two questions regarding the...
Read More
Many investors have followed the rise of the FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google (Alphabet)) during this economic cycle, but many are unaware of just how large a piece of the S&P 500 Index these five companies have become. If you include Microsoft, which boasts a market...
Read More
Over the past two weeks, we have discussed the underperformance of value stocks relative to growth stocks during the current market cycle. However, when it comes to assembling a portfolio of value stocks with the strongest risk/reward characteristics, there are myriad different approaches. While...
Read More
We are officially halfway through 2019. As we wind down a little and enjoy the long hot lazy days of summer, maybe even take a few days off, it’s not a bad time to reflect on the year so far.
In 2019, we launched this new blogging site. Our market insights have been well received and we appreciate...
Read More
