30 years of
Time Magazine Covers
The Stock Market
From January 1978 to August 2008
At times like this, that is, times of declining stock markets
prompted by an economic downturn and/or recession, the
media play a significant role in creating
COCA COLA COMPANY:
The Coca-Cola Company
Summary of Valuation Results
Method 1: Dividend Discount Model
Method 2: Operating Free Cash Flow
Method 3: Free Cash Flow to Equity
Market Price on Feb 18
This booklet will help you navigate the Bloomberg
terminal like a pro! Have fun with the Bloomberg terminal!
How do | create a new login?
On the main login page, click on _ and follow the simple easy steps
Analyze the ticker you hav
FINA 6219: Portfolio Management
Note: This is the text-only version of this weeks lecture.
All media (i.e. videos, flash presentations, and PowerPoints) and learning activities
(i.e. assigned readings, assignments, and discussions) are accessible only thr
Mutual Fund Performance:
Does Fund Size Matter?
Daniel C. Indro, Christine X. Jiang, Michael Y. Hu, and Wayne Y. Lee
Fund size (net assets under management) affects mutual fund performance.
Mutual funds must attain a minimum fund size in order to achieve
Policy Portfolios and
MARTIN L . LEIBOWITZ AND ANTHONY BOVA
MARTIN L . LEIBOWITZ
IS a managing director
at Morgan Stanley
in New York, NY.
A N T H O N Y BOVA
is a vice president
at M o r g a n Sta
Asset Allocation under
JAMES L . FARRELL, JR.
JAMES L. FARRELL, JR.
is a managing director at
Ned Davis Research, Inc.
in Venice. FL.
sset allocation is always a critical
consideration for investors and
Thinking about Indices
and "Passive' versus
RUSSELL J. FULLER, BING H A N , AND YINING TUNG
RUSSELL J. FULLER
is the president and CEO
of Fuller & Thaler A.sset
: in Snn Mateo, CA.
H A N
FAJ MarchApril 03.book Page 88 Thursday, March 20, 2003 3:08 PM
Reassessing the Returns to
Analysts Stock Recommendations
Brad Barber, Reuven Lehavy, Maureen McNichols, and Brett Trueman
After a string of years in which security analysts top stock picks
Mutual Fund Misclassification: Evidence Based on
Dan diBartolomeo and Erik Witkowski
An iterative application of William Sharpes method of style analysis is applied to
the classification of equity mutual funds. A new methodology for creatin
JOURNAL OF INVESTMENT MANAGEMENT, Vol. 4, No. 4, (2006), pp. 126
THE RIGHT ANSWER TO THE WRONG QUESTION: IDENTIFYING
SUPERIOR ACTIVE PORTFOLIO MANAGEMENT
W. V. Harlow a and Keith C. Brownb,
The debate over the value of active
Financial Analysts Journal
Volume 66 Number 2
2010 CFA Institute
In Defense of Optimization:
The Fallacy of 1/N
Mark Kritzman, CFA, Sbastien Page, CFA, and David Turkington, CFA
Previous research has shown that equally weighted portfolios outperform optim
6, - lmolio
INVITED EDITORIAL COMMENT
The Graceful Aging of
ean-variance optimization is about to begin
its 60th year and by all accounts it has aged
extremely well. Originally proposed by
How Mad is Mad Money:
Jim Cramer as a Stock Picker and Portfolio Manager
Paul J. Bolster
413 Hayden Hall
Boston, MA 02115
Emery A. Trahan
413 Hayden Hall
Boston, MA 02115
Extraordinary Value Partners, LLC
In order to make a decision based on EVPs historical performance, I realized several analyses
with the available data.
First of all, after comparing the EVP historical returns and Russell Microcap Index, results can