Enthusiasm for artificial intelligence and multimedia information in the financial industry is at an all time high. Every leader in finance now feels the pressure to answer the question, “What is your AI strategy?”
Read More“Price is what you pay. Value is what you get” – Warren Buffet Whole Foods Market (WFM) is undervalued. Now at $38.70, it’s below $40 a share for the first time in well over 2 years and is down about 70% from its peak of $65 reached only a few earnings announcements ago in Q4
read more“It’s like deja-vu all over again” – Yogi Berra This past Friday the Dow Jones rose 25.62 points to close at 16,947.08, besting the previous record close set days earlier. Because of investors experience in the markets, instead of celebrating they are mainly asking the question, “when are we going to get the correction?” There’s
read more“Career diversification ain’t a bad thing” – Vin Diesel Since the beginning of the year investors have been concerned about valuations. We have geopolitical strife in Ukraine and now Iraq, both with significant military, energy and economic consequences. The Fed continues to taper and investors are bracing for a rising interest rate environment as early
read more“Study the past if you would define the Future” – Confucius We often talk in our Weekly Market Call about the power of using history as an objective gauge for the future. Specifically, taking a snapshot of today’s environment and then finding similar environments historically to see what has typically happened next. We’ve verified the
read more“Do you validate?” – Chris Farley, Tommy Boy Adobe Systems (ADBE) is up 9% so far this year, which is solid since it was up about 56% last year and has jumped a full 128% since the start of 2012. They are well positioned in key growth markets including eLearning, the Cloud, Digital Advertising
read more“Finishing second in the Olympics gets you Silver. Finishing second in politics gets you oblivion.” – Richard Nixon The price of Silver reached $50 back in late April of 2011, marking its highest price in over 30 years. The good times (for the holders of Sterling anyway) did not last long however, as the price
read more“I think the environmental impact of this disaster is likely to have been very, very modest.” – Former BP CEO Tony Hayward, three weeks after the explosion Coming out of the 2008 global economic crisis, BP had rebounded quite well and was up 43% year over year when it reached a share price of
read moreUpdated Track Record of Market Calls: (posted weekly at www.eidosearch.com since 10/4/2013) # of calls: 33 Average Annualized Return: 40.4% Batting Average: 78.8% “The aggregate stock market reflects psychology more than fundamentals.” – Yale University Economist, 2013 Nobel Prize Winner in Economic Sciences, Robert Shiller A lot of our discussion with clients recently has been less about stock
read more“We don’t know what is going to happen next, but we do know what the distribution looks like” – Michael Mauboussin, Head of Global Financial Strategies, Credit Suisse As we often say at EidoSearch, there’s no better gauge for the most likely forward return outcomes than historical precedence. This quote above by Michael Mauboussin hits
read more“Las Vegas is busy every day, so we know that not everyone is rational.” Charles Ellis Random walk is a stock market theory that states that the past movement or direction of the price of a stock or overall market cannot be used to predict its future movement (Investopedia). Burton Malkiel, in his 1973
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