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ICYMI: Valuentum's Brian Nelson on the Latest Howard Marks' Memo: "Something of Value"

publication date: Jan 20, 2021
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author/source: Valuentum Analysts

Valuentum's President of Investment Research Brian Michael Nelson, CFA, explains why there are not really value and growth stocks, why most of the research in quantitative finance is spurious and needs to be redefined on a forward-looking basis, and why enterprise valuation (not the efficient markets hypothesis) should be the organizing principle of finance. Nelson explains his views about valuation, what it means to be a value investor, and investing in the context of Oaktree Capital Howard Marks' latest memo, "Something of Value," January 11, 2021.

Please don't forget to give the second edition of the book "Value Trap" a 5-star rating on Amazon here.

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Tickerized for holdings in the IWM.

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Brian Nelson owns the SPY, SCHG, DIA, QQQ, VOT, and IWM. Some of the other companies written about in this article may be included in Valuentum's simulated newsletter portfolios. Contact Valuentum for more information about its editorial policies.

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Alexander Skabry (Lockport)
Alexander Skabry (Lockport)
 

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