For Great Returns, Follow the Cash

By Patrick O’Shaughnessy, Earnings get all the attention on Wall Street. While earnings are of course important (and measures like […]

Seth Klarman 2013 Letter to Investors: The Truman Show

From the Baupost Group’s 2013 shareholder letter by Seth Klarman, Klarman has recently given back 4 billion to investors due […]

Guru to the Stars

By JONATHAN R. LAING, Barrons, Howard Marks has made a killing on distressed debt. So, what does he think of […]

ETFs can present pricing problems

By Jessica Toonkel   When Tom Lydon switched from working solely with mutual funds to using exchange-traded funds in 2000, […]