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...Read More
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 25Read More
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.Read More
Last week* we reflected on the trillions of dollars of government stimulus and monetary support that has left the United States awash in cash.
The result of all of this has undoubtedly aided the rise in risk assets during the first few months of 2021, and has led to some speculative market...Read More
After the new $1.9 trillion stimulus package was passed along party lines early in the year, the multi-trillions of dollars of government stimulus and additional trillions of monetary support by the Fed left the United States awash in cash. As can be seen in the chart below, the U.S. money supply...Read More
The volatility of 2020 is still fresh in people’s minds.
On March 12th, 2020, the S&P 500 had it largest single-day percentage drop since the 1987 stock market crash, falling 9.5% in a single trading session.
This infamous record was short lived, as four days later on March 16th, the S&P 500 fell...Read More
Successful investing doesn’t have to mimic rocket science. Warren Buffet breaks it down well in his first two rules of investing:
Rule #1 – Don’t lose money; Rule #2- Don’t forget Rule #1!
We adhere to this principle, and our entire investment process revolves around the idea of limiting downside...Read More
Prospector approaches value investing from a credit perspective, with an emphasis on value-based principles and bottom-up fundamental analysis.
Our in-house, deep dive research is key to our approach, focusing on regulatory and statutory statements when available, in addition to GAAP.
We look at...Read More
After graduating with a degree in mathematics and pursuing a job as a teacher, Steve Labbe could have never predicted he would spend the next 16 years working for a sell-side research firm and eventually become a portfolio manager at Prospector Partners.
Like many people, his non-traditional...Read More
If you were working in the investment industry during the late 1990s, what were some of the most excessive, unreasonable market events you remember? Here are some that may jog your memory:
- Mark Cuban’s Broadcast.com (known as AudioNet prior to the name change), which primarily streamed...
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