Grey Owl's letter to clients on the increasing prevalence of indexing. “Two roads diverged in a wood, and I— I took the one less traveled by, And that has made... Read More

The aftermath of the Allergan divestiture and acquisition event is currently being digested by Wall Street, because the repercussions are likely to be larger than just the single day news. The... Read More

Hugh Hendry discusses his reason for becoming bullish in his December letter to investors, a copy of which was obtained by ValueWalk. Below the full letter from Hugh Hendry... Read More

The history of the savings and loan industry is nothing less than fascinating. Savings and loan programs or “Thrifts” as they are often referred to, have collectively transformed the... Read More

Some investors get absolutely furious the second someone mentions the term yield on cost. I am very surprised when investors seldom have anything against the metric for "years worth... Read More

Howard Marks memo to Oaktree clients for the month of June 2019, titled, "This Time It's Different." Q1 hedge fund letters, conference, scoops etc Memo to: Oaktree Clients From: Howard Marks Re: This... Read More

The US Commodity Futures Trading Commission (CFTC) has made another proposal regarding the speculative position limits on commodity derivatives which have energy firms on edge. The earlier proposal of... Read More

A key economic benchmark for the Trump administration established back in the heady days of January as his inauguration was approaching was wage growth, most commonly measured through average... Read More

Dash for Cash: Month-End Liquidity Needs and the Predictability of Stock Returns Kalle Rinne Matti Suominen Lauri Vaittinen 19 November 2014 Abstract: This paper uncovers strong return reversals in stock returns around the last monthly... Read More

GS: Oil Prices Are Heading Higher As Supply Falls Thanks to fundamental volatility, the oil market has gone from nearing storage saturation to being in deficit much earlier than many... Read More