Posts by Wesley R. Gray, Ph.D.

Summer–A Time to Learn!

June 30, 2014

Readers: We exist to empower investors through education. Typically, we cover source academic literature and other topics that require an

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Recent Resarch on Predicting Bubbles

June 27, 2014

  Fulcrum Asset Management has an interesting overview piece related to some recent research that attempts to predict bubbles: http://www.fulcrumasset.com/files/frn201401.pdf

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Does Value Investing Work in the Technology Sector?

May 16, 2014

A recent blog post suggests that value investing in the tech sector is a waste of time. The article tells a compelling story and argues for 2 points: Successful tech stock investing is done when the stocks are dear, not when they are cheap. Tech companies should not get credit for huge piles of cash on their balance sheets. The author then makes the claim that you can't make big money in cheap tech stocks and buying cheap tech doesn't work. We thought the blog post was thought-provoking and it inspired us to conduct a quick empirical analysis to ascertain if there was any truth to the claims.

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