I previously wrote that there are essentially 4 ways to beat the market, one of which is Institutional Arbitrage. Probably the simplest way to think
Category: Equity Research Process
This week MU stock gap’ed up ~1,000 bps following two sellside upgrades. Last week CAVM stock gap’ed down ~2,000 bps following four sellside downgrades. Between
In the last chapter of my book I introduced aspirational ideas for asset management. Here I build on those ideas to sketch a conceptual equity
I presented on the topic of Equity Research for Technology Professionals at The Wharton School in San Francisco on Friday, June 3. You can download
The chart illustrates my view of the difference between analysis and insight. Analysis will be the first to be commoditized with advances in machine learning,
The chart shows a few examples of what I would consider proprietary insights. The word “proprietary” signifies that you had to make an effort to
Within acteve’s investing framework there are essentially 4 ways to beat the market. Lets assume for this discussion that you have a genuine need to
Beating the market consistently involves taking a different approach to managing investment risk. Coming up with a framework to think about different types of risks
“Running a public company you do waste time on certain things … like explaining quarterly earnings to analysts” “decided fairly early in life that
The chart below suggests that over the last 10 years, IBM’s stock price has tracked NTM EPS estimates with occasional periods of divergence. Over the