September 13th, 2019 | by Gregg S. Fisher, CFA, "Invest with Reason"
Security analysts, like individual investors, fall prey to behavioral biases These errors are quite systematic. “Hard” accounting characteristics such as profitability are useful tools for security analysis but are misinterpreted by analysts. Behavioral finance is a topic on which I’ve conducted a considerable amount of research and written before.* But this is mainly about how […]View Article
July 24th, 2019 | by Gregg S. Fisher, CFA, "Invest with Reason"
• Matan Parnes, Paypal’s Head of Global Risk and Data Sciences, joined me for a “Q Factor” podcast • Technology is driving a dramatic transformation of money and digital-payment systems. • To learn more, listen to Parnes’ podcast. The overarching theme of “Q Factor” is that quantitative data is revolutionizing nearly every aspect of our […]View Article
July 16th, 2019 | by Gregg S. Fisher, CFA, "Invest with Reason"
• Globalization—not for the first time in history—is under siege. • Stress is emanating from rising populism around the world, growing income inequality, and the surge of China. • Global economic growth is slipping, while global debt is mounting. • Investors will need to take more risk to achieve a targeted investment return. It’s a […]View Article
June 25th, 2019 | by Gregg S. Fisher, CFA, "Invest with Reason"
Investor confidence, more than attractively valued securities, appears to be supporting stock prices. Investors need to take far more risk than 15 or 30 years ago to earn the same expected return. Investors might consider increasing retirement savings, rather than taking excessive investment risk, to meet retirement-funding needs. On June 20, major US stock indices, […]View Article