During their recent episode, Taylor, Carlisle, and Seth Cogswell discussed The Passive Investing Problem No One Talks About: Hidden Risk. Here’s an excerpt from the episode: Seth: Yes. Which one matters more? I would argue that risk in the long run matters more, because that money matters. People have forgotten … Read More
Cliff Asness: “Doing Nothing Is Surprisingly Often The Right Strategy”
In a recent episode of WSJ’s Take on the Week, Cliff Asness, co-founder and chief investment officer of AQR Capital Management, offered a frank assessment of modern investment trends, particularly the rise of complex, options-based strategies. He expressed deep skepticism toward products like buffer and hedged equity funds, which promise … Read More
Pzena Study Reveals Value Stocks’ Big Rebound After Volatility
In their latest Q2 2025 commentary, Pzena Investment Management offers a sober but optimistic perspective for long-term investors confronting heightened volatility. “The second quarter was a wild ride for global equity markets,” they write, citing early-quarter declines sparked by trade-war fears and later volatility due to Middle East tensions. Despite … Read More
Mason Hawkins: 14.89% Return Q2 2025 – Their Winning Strategy Revealed
The Longleaf Partners International Fund’s second-quarter commentary for 2025 offers a compelling narrative on the power of disciplined, value-driven investing in volatile markets. Mason Hawkins and his team underscore the importance of focusing on fundamentals, even as macro uncertainties loom large. “Longleaf Partners International Fund returned +14.89% in the second … Read More
Markets Calm Down as Investors Shift Focus to Earnings
After a jittery first half of the year, markets are catching their breath. The latest numbers from S&P Dow Jones Index Dashboard: Risk & Volatility Report show that investor anxiety has dropped sharply — and stock prices are climbing once again. At the heart of this shift is the VIX, … Read More
Mark Mobius: Global Markets and Long-Term Thinking
Speaking recently on The Rules of Investing podcast, legendary investor Mark Mobius shared his unfiltered views from decades of experience. In 1987, Mobius was recruited by Sir John Templeton to lead the Templeton Emerging Markets Group at Franklin Templeton Investments. Over more than three decades, he expanded the group’s assets … Read More
Dan Loeb: Navigating Market Volatility with Activism and Opportunity
Dan Loeb’s Q1 2025 letter highlights some great strategies for navigating uncertainty—part realism, part opportunity, and all about positioning for what’s next. While Third Point’s Offshore Fund was down -3.7%, Loeb reminded investors they outperformed the S&P’s -4.3% slide, saying, “While not unscathed… we feel we are well positioned in … Read More
Steve Romick: “This Too Shall Pass” – A Veteran Investor’s Calm in Market Chaos
Steve Romick doesn’t mince words. The veteran value investor from the FPA Crescent Fund offers a welcome dose of level-headed perspective — especially during chaotic times like these. “It’s only April,” Morningstar’s Leslie Norton noted, “but you’ve had an eventful year.” Fires in Los Angeles, whipsaw markets, and political uncertainty … Read More
Warren Buffett: The Problem With Today’s ‘Electronic Herd’
The stock market today feels like it’s running on caffeine – jittery, reactive, and prone to wild mood swings. Warren Buffett saw this coming way back in 2007 during the Berkshire Hathaway annual meeting when he described what’s fundamentally changed in markets. “There is an electronic herd of people around … Read More
Howard Marks: How to Take the Market’s Temperature
In his memo titled – Taking The Temperature, Howard Marks discusses the importance of “taking the temperature of the market” by observing patterns and cycles driven by investor psychology. Study market history to recognize that extreme optimism or pessimism often leads to corrections. Cycles stem from excesses, where strong movements are … Read More
As Markets Become More Passive, Volatility Amplifies, And Markets Become More Unstable
https://www.youtube.com/watch?v=lTVE9ixrzgA?start=2264 During his recent interview with Tobias, Chris Cole of Artemis provides some great insights into the impact that passive investing has on market volatility and market instability, saying: Let’s imagine that we go out and I get incredibly drunk. I get crazy drunk, and I am a passive investor. … Read More