If you know anything about Warren Buffet, you know he loves investing in great companies. In fact, he and Charlie Munger’s entire investing strategy centers around finding great companies at fair prices.

This paper examines the characteristics and variations within firms’ 10-K filings over a 20 year time period. We find that investors’ reaction to the MD&A narrative in 10-Ks is much stronger and more timely than their reaction to the notes to the financial statements.

From tighter TSA rules to crappier travel rewards, you can expect some big changes in air travel this year. Whether you’re a frequent traveler or a vacationer, you’ll want to be aware of the changes before you get to the airport.

It’s downright uncanny… Have you noticed that China’s newest warplane looks amazingly like our American F-22, manufactured by Lockheed-Martin? Not only that, but the latest Chinese rockets look almost identical to certain Russian designs.

In my three most recent articles on Seeking Alpha, I have described the efficacy of equal-weighting, an alternative to the traditional capitalization-weighting of market benchmarks that has produced absolute outperformance over long-time intervals.

Having laid the basics in part 1 we will now focus on how to meaningfully aggregate our raw data and combine that with real-time stock and dividend information. As a result, two new sheets “Portfolio_Overview” and “Stock_Analysis” have been integrated into the Google Sheet.

The goal of rational investors is to maximize total return under a given set of constraints. Constraints include: This article shows exactly how to calculate expected total returns.

Remco C. J. Zwinkels This paper studies the level, determinants, and persistence of the factor timing ability of hedge fund managers.

As Americans celebrated their freedom this Fourth of July, headlines graphically proved how diminished that liberty is. Hannah Cohen, 18 years old and severely disabled from a brain tumor, sued the TSA and local cops for beating her bloody.