Value vs. Momentum – An Anomaly Among the Inexpensive
Introduction: Value vs. Momentum Small & Mid Cap: A Historical Outlier Suggests Outsized Opportunities The Myth of Melting Ice Cubes? Conclusion: A Basket Worth Buying? Exhibit Introduction: Value vs. Momentum In Kailash’s recent pieces discussing the dispersion in value ...
Firms Without Revenues – Scratch Tickets of the Investment World, A Regressive Tax on Index Funds
Introduction: Index Funds are Eating Speculative Soup An Easy Win for Active Managers? But is Biotech so Different This Time?: Maybe Not! Conclusion: The Frightful Cost of Buying Scratch ...
Index Rebalancing and the Passive Patsies – The Hidden Costs and Biases of Rebalancing
Introduction: Private Equity, IPOs, Price to Sales & the Passive Patsies Revisited The Abundance of the Absurd in the World of Index Rebalancing The Consequences of Expensive Additions Conclusion Exhibits Appendix: Fundamentals of Expensive Additions Introduction: Private Equity, IPOs, ...
When the Top Decile is the Bottom of the Barrel
Introduction: Price to Sales & “A Talk with Scott McNealy” The Pittance of Profits among the Top Decile of Price to Sales The Catastrophic Consequences of Buying the Top ...
Short Sellers’ Low Quality Signal (LQS) – A Loss Avoidance Aid for Short Sellers of Low Quality Firms
Introduction to LQS: A Safety Mechanism to Help Protect Short Sellers of Low Quality Firms Low Quality Signal (LQS) Characteristics and Persistence LQS Impact of Performance on: Trading Shorts, ...
IPOs, Index Inclusions and the Passive Patsies – The Cost of Ebullient IPOs to Passive Players
Introduction: Is the New IPO Boom Really Improved? The Atypical Nature of Current IPO Index Inclusions Price to Sales = Problems Simple Measures for Good Measure More Rubble to Come Conclusions Introduction: Is the New IPO Boom Really Improved? ...
Growth vs. Value Part II Using Kailash Constructs to Amplify the Eventual Mean Reversion
Introduction: Part 1 Recap The Case for Kailash Value Picks The Case for Kailash Growth Picks The Compelling History of our Top Ranked Value vs. Bottom Ranked Growth Conclusion Exhibits Introduction: Part I Recap In Growth vs. Value Part ...
Growth vs. Value – A Predisposition towards the Importance of Price has been Painful
Introduction: The Historical Context of the Pain Trade for Value Oriented Investors Trouble Comes in Threes Could the Glamour in Growth Lose its Glow? Conclusion Exhibits Introduction: The Historical Context of the Pain Trade for Value Oriented Investors Kailash ...
Dividend Growers: Performance Since 2006
Fig.1: Since 2006 Kailash's Dividend Long Picks have Added 2-3% Battling Average Improvement...
Amazon: Notes from Agnostics The Lost Impact of Large Numbers
Introduction: Keeping it Simple A Bankable Year: How Much “Free” is in Free Cash Flow? The Lost Impact of Large Numbers: What does $26.666 Billion Mean? Conclusion: The Munificence ...
The Defense Dilemma Revisited – Proof From the Past and Picks For the Present
Introduction: Better a Seller Than a Buyer Be The Defense Dilemma Revisited Defensive Boost to Positive Earners Conclusion Exhibits Appendix: R1000 Introduction: Better a Seller Than a Buyer Be In Kailash’s recent paper, Better a Seller Than a Buyer ...
Better a Seller than a Buyer Be? – The Buffett Valuation Metric & the Notion of “Cheap at the Peak”
Introduction: Market Cap to GDP Appears Pricey The Numbers Required to Resolve Market Cap to GDP are Anything but Pretty How the Recent Rout Stacks Up vs. History Is ...
