Invisible Alpha Blog


Aug

18

2015
Weekend Reading 08/14/2015

Weekend Reading 08/14/2015

With a lack of compelling headlines coming from Greek debt negotiations and no exciting news out of the U.S. Federal Reserve, it looked like this week would be another summer snoozer.  Fortunately for the financial soap opera fans out there,...

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Aug

12

2015
Oil Decline May Present Opportunity in MLP CEFs

Oil Decline May Present Opportunity in MLP CEFs

I thought I’d share a very general investment idea that with further diligence, could develop into a decent opportunity.  Given the recent decline in oil prices, I decided to look at closed-end funds (CEFs) that hold master limited partnerships (MLPs). Investopedia has...

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Jul

30

2015
Learning from Legends

Learning from Legends

I always tell my clients that I believe in investing in smart people and smart ideas.  Fortunately, for small advisors such as myself, we are living in an age where huge amounts of information flow freely and access to that...

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Jul

20

2015
Book Review: Quantitative Value

Book Review: Quantitative Value

A couple months ago I finally had a chance to read Wes Gray and Tobias Carlisle’s book Quantitative Value.  While this book certainly is not for everyone, the opportunity to take a deep dive into a talented money manager’s investment...

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Jul

15

2015
Understand Your Investments

Understand Your Investments

As I’ve often talked about, the major reason most average investors tend to perform poorly in the long run boils down to behavioral issues.  A big factor contributing to emotionally driven investment mistakes is a simple lack of understanding. Despite living...

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Jul

09

2015
Benefit of Alternative Price Discovery with ETFs

Benefit of Alternative Price Discovery with ETFs

The ETF pricing structure is very effective in liquid markets (more info on how ETF pricing works on our blog and over at AlphaArchitect).  The ability of any ETF’s price to accurately reflect the value of its index is tied...

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Jun

25

2015
Irrational Value Opportunities

Irrational Value Opportunities

It is always interesting to watch how investors react to news events.  When presented with unexpected information, market participants are often hasty in their decision making.  Loss aversion and fear of missing out are two emotions that can drive this...

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Jun

15

2015
Investment Books for the Ages

Investment Books for the Ages

As a self-taught investor, I’m often asked for recommendations of good investment reading.  Two books that largely influenced me were Jack Schwager’s Market Wizards series and Van Tharp’s Trade Your Way to Financial Freedom.  While both books discuss successful investors...

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