America Is Great. Home Country Bias Ain’t (GMO)

Johnny HopkinsJeremy GranthamLeave a Comment

Here’s a great article from the team at GMO that demonstrates how “home country bias” may be hurting your performance. Home country bias means investors have a natural tendency to focus their investments in companies and markets in their own country. Here’s an excerpt from that article:

Global Sources Ltd. (Bermuda) Up 48.96% Overnight

Johnny HopkinsStocksLeave a Comment

One of the stocks I added to the TAM Deep Value Stock Portfolio last month was Global Sources Ltd. (Bermuda) (NASDAQ:GSOL). Global Sources Ltd. is a business-to-business (B2B) media company that provides information and integrated marketing services, with a particular focus on the Greater China market. I wrote about the purchase in my … Read More

TAM Deep Value Stock Screeners – Overnight Market Update – May 19, 2017

Johnny HopkinsTAM Market UpdateLeave a Comment

The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More

Howard Marks And Joel Greenblatt: “I Think You And I Would Agree That People Are Nuts.” Time Favors The Rational.

Johnny HopkinsHoward MarksLeave a Comment

Earlier this year, Howard Marks and Joel Greenblatt came face to face at the inaugural Forbes and Shook Research Top Financial Advisor Summit in Las Vegas where it became apparent that their worldview is nearly identical. When speaking about the current market conditions the pair said, “Most people, including most people … Read More

TAM Deep Value Stock Screeners – Overnight Market Update – May 18, 2017

Johnny HopkinsTAM Market UpdateLeave a Comment

The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More

New Evidence Shows Graham and Dodd Were Right About Most Quant Investing Strategies

Johnny HopkinsGraham and DoddLeave a Comment

A recent publication in the Financial Analysts Journal called Facts about Formulaic Value Investing, by U-Wen Kok, Jason Ribando and Richard Sloan demonstrates that most quantitative investing strategies used today are unlikely to generate superior investment performance even with the advent of computers and financial databases. The research states, “We found little compelling evidence … Read More

TAM Deep Value Stock Screeners – Overnight Market Update – May 17, 2017

Johnny HopkinsTAM Market UpdateLeave a Comment

The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More