COLUMNISTS
Resources
Principal content
Active money managers pass on clearly worded and actionable investment advice for US investors.
Columnists:
Whitney Tilson is the founder of T2 Partners LLC, which manages value-oriented private investment partnerships, and the Tilson family of mutual funds. He is also the co-founder and Chairman of Value Investor Insight and the Value Investing Congress.
Arne Alsin is the founder and principal of Alsin Capital Management, an Oregon-based investment advisor that specialises in value and turnaround stocks www.alsincapital.com.
Mark Sellers is the founder and managing member of Sellers Capital, LLC, a Chicago-based money management firm which runs a long/short equity hedge fund and other private investment partnerships. Prior to forming Sellers Capital, he was chief equities strategist at Morningstar and editor of Morningstar StockInvestor.
Rob Arnott is founder and chairman of Research Affiliates, a research-intensive asset management firm. He is also past editor of Financial Analysts Journal and has authored more than 100 articles for journals such as the Journal of Portfolio Management and the Harvard Business Review, among others.
Vitaliy Katsenelson is a vice president/portfolio manager with Denver based Investment Management Associates, Inc. He loves investing and discussing investments and the analytical process. He teaches a graduate investment class at the University of Colorado at Denver and keeps a blog ContrarianEdge.com.
Look out for the landmarks of a stock market cycle
A big theme, gaining impetus as it rises, will become so huge that it must collapse catastrophically. Spend a few minutes on what usually takes four or five years
Vitaliy Katsenelson: Look to the margins when using the price/earnings ratio
There is no debate about the ‘p’ in the equation – price is quoted every second. But the ‘e’, though readily available, is only as good as the best estimates
Arne Alsin: Why stock market players make a hash of it
Comparing the performance of buy-and-hold investors to active investors, you almost have to laugh. Data shows non-analysts outperform analysts
Rob Arnott: The euphemism that became a serious investing proposition
The label ‘emerging markets’, coined as a softer term for ‘third world’, is now a reality. Rob Arnott evaluates the emerging economies’ impact on global markets
Whitney Tilson: Let the herd stampede first before making your move
No one would suggest completely ignoring news about your investments, but it is key to keep it in context, writes Whitney Tilson
Mark Sellers: Take talking-heads with a grain of salt
Various stock market players have different incentives, none of which is necessarily in your best interest
Arne Alsin: Understanding value is vital
Knowing the value of an asset is needed before any risk can be evaluated, says Arne Alsin
Volatility is a faithful friend of the long-term investor
Besides allowing for a shift in assets, volatility is also linked to stronger market performance, says Rob Arnott
The worst is yet to come – time to flee to quality
The crisis is likely to worsen, so investors must focus on good companies with cheap stocks, says Whitney Tilson
Bernanke and politicians must try to hit the sweet spot
Can the Fed, Congress and the administration work together to move us back to the 2-4% real yields? If so, stocks are a bargain today, writes Rob Arnott









