Extreme diversification is good but only provides ordinary results results. Concentrated portfolios proved better in some cases as they allow investors to select the best companies. Introduction A few days ago we discussed passive and active strategies given that there is a looming risk of a recession and that the markets are unable to break… Read More »How Diversified Should You Be?
Buybacks should increase shareholder value, but that’s not always the case. From a book value perspective most companies are destroying value. From a return on investment perspective the logic behind buybacks is open for discussion. Introduction The goal of investing is to enjoy stock price appreciation and dividends, but there is another method for achieving… Read More »The Buyback Conundrum