Michael Mauboussin: 15 Ways To Identify Market Inefficiencies

Johnny HopkinsInvesting Research, Michael MauboussinLeave a Comment

Michael Mauboussin has just released his latest paper titled – Who Is On The Other Side?. In the paper Mauboussin describes a number of inefficiencies that exist in the market, driven mainly by the optimism or pessimism of human beings. Included in the paper is Mauboussin’s Checklist for Identifying 15 Market Inefficiencies: 1. Are investors overextrapolating from recent results, leading to … Read More

The Value Premium: What This Indicator Is Telling Us About The Business Cycle

Johnny HopkinsGeorge Athanassakos, Investing ResearchLeave a Comment

Here’s a great article by George Athanassakos at The Globe and Mail. Athanassakos is a finance professor and the Ben Graham Chair in Value Investing at the Richard Ivey School of Business, University of Western Ontario. He’s discussing a recent paper titled The Value Premium and Expected Business Conditions, which illustrates the correlation between the value premium and the economic cycle … Read More

Michael Mauboussin: ‘Procyclicality’- How It Drives Market Cycles To Extremes

Johnny HopkinsInvesting Research, Michael MauboussinLeave a Comment

Michael Mauboussin recently released a great paper called – Procyclicality And Its Extremes in which he discusses ‘Procyclicality’ and how it drives market cycles to extremes. He also provides indicators of procyclicality and methods for coping with, and profiting from it. Here is an excerpt from that paper: In economics, procyclical variables move in the same direction as the overall economy: … Read More