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Bitcoin rose above the $4,000 price mark, adding to this year’s surge in value. The New York Times attributes the most recent upward spike to an agreement among key backers to settle “a long-disputed update to the network’s software and rules.” Regardless of the reason given,...

Value investing was described as “losing its effectiveness” by The Wall Street Journal on Monday. The article was published approximately two months after Goldman Sachs issued a report entitled, “The Death of Value?” A quick glance at the recent numbers shows why such commentary...

“Super investors take pain better than everybody else.” Wesley Gray, CEO and CIO of Alpha Architect, made this observation at last week’s Financial Analysts Seminar, an annual CFA Institute event hosted with CFA Society Chicago. He was referencing the ability of successful...

Not only has volatility left the building, it appears to have climbed on to a hammock to take a summer’s nap. Yesterday, the Chicago Board Options Exchange’s Volatility Index (the CBOE’s VIX) closed below 10 for the 10th consecutive day. Some perspective will help put the...

Let’s say you want to do a quick analysis of a stock. Perhaps you’re just looking to give the tires a good kick. Alternatively, you rely on charts and want to make sure the fundamentals are in your favor… or at least not against you. What should you look at? The following...

In its purest form, value investing involves solely buying cheap companies. Just cheap companies. Studies of valuation either use high minus low (buying the cheapest stocks and shorting the most expensive stocks) or separate stocks into deciles (10 evenly split groups) or quintiles...

Two concepts often left out of conversations about investing are opportunity cost and endowment effect. Though different, they do overlap and can have implications for your portfolio. Opportunity cost is what you forfeit by taking a certain course of action, even if the action is...

Ten companies were expected to complete their initial public offerings this week. Normally, this would be ho-hum news unless it involved a very well-known company. [I doubt Blue Apron (APRN), which went public this morning, has enough name recognition outside of millennials to count...

“Financial advisers need to show their clients what the distributions of stock returns are over time.” This paraphrased recommendation was given by University of Chicago professor Eugene Fama at a CFA Chicago Society event held last week. The comment was in reference to what...

As was widely expected, the Federal Open Market Committee raised interest rates by a quarter point (0.25%). Whenever there is action by the Federal Reserve, bond experts are often turned to for their views on navigating the credit markets. Their insights clearly reflect active...