George Athanassakos is a professor of finance and the Ben Graham chair in value investing at Western University’s school of business. These views are those of the author and not necessarily those of the Canadian Investment Review.
Stock picking with the right process and the right temperament works. And, contrary to popular claims, value investing is not dead. Those who claim it is dead, substantiate this by providing evidence that picking cheap stocks, meaning stocks with low price-to-earnings or price-to-book ratios, has been ineffective since the onset of the great recession. What […]
Two questions seem to occupy pundits and popular media these days. One is why interest rates are negative and what this means. The other is whether value investing is dead. Answering the first question provides useful insights in dealing with the second question. Negative interest rates on government bonds are observed in Europe and Japan, […]
A lot of ink has poured into the discussion of an inverted yield curve, and what it means, yet I am still unsure if people understand whether an inverted yield curve is a precursor of a recession or not. The fear of an inverted yield curve relates to historical evidence, which shows that an inverted […]
Earnings quality and the value premium
Use this method to instantly identify the winners and losers.
The persistence and causes of the January effect. True or false. Compared to the rest of the year, January is the month with the strongest stock market performance. The answer, called the “January effect,” depends on three factors. The first is the time period being considered when calculating average monthly returns of a given portfolio […]