In their latest Q4 2021 Quarterly Review, Horizon Kinetics provide some great illustrations of how the markets might distract, or harm (or help) investors. Here’s an excerpt from the review: This section was prompted by a professional-investor client, who suggested an update on the concentration in the S&P 500. It’s … Read More
Horizon Kinetics: The Magic Formula Works But No-One Uses It
In their latest Q1 2021 Market Commentary, Horizon Kinetics have a great section titled – Subjective Considerations and Why Almost No One Uses the Magic Formula. It provides a great illustration of why investors like Sir John Templeton are able to be successful with a simple and patient approach to … Read More
Horizon Kinetics: The S&P500 No Longer Provides Investors With Broad Exposure To The Market
This latest piece titled – The AMAGF IT/Social Media Stocks – Some Factual Observations, by Horizon Kinetics illustrates why the S&P500 no longer provides investors with broad exposure to the market saying: Some factual observations about the S&P 500 and technology stocks. Investors assume that an index like the S&P … Read More
Horizon Kinetics: Great News For Active Investors – The History Of Passive Investing Over The Past 20 Years
One of the shareholder letters we really look forward to reading is the one from Horizon Kinetics. In their recently released Q2 2018 letter Horizon Kinetics provides some interesting research and commentary on the performance of passive investing over the past 20 years. The results may surprise many investors saying: … Read More