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Erik Conley  

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  • Reviewing Small-Cap And Value Premiums Through An ETF Lens [View article]
    Nicely done, James. Bravo.
    Jul 17, 2015. 12:18 AM | Likes Like |Link to Comment
  • Has 'Buy The Dip' Stopped Working? [View article]
    I agree with your premise that markets are usually very efficient at arbitraging away excess alpha when it appears. But to my mind, dip buying is something different. It's a mindset, a paradigm, and a manifestation of optimism in the market. So I'm looking at this as a way to detect when there might be a sea-change in market sentiment. My operating thesis is that when the smart money flips from a buy the dip mentality, to a sell the rally mentality, that's a big red flag for the market.
    Jul 15, 2015. 12:31 PM | 2 Likes Like |Link to Comment
  • Why Beating The S&P 500 Is So Hard, And Why Even Protecting Against A 10-15% Correction Matters [View article]
    Show us your portfolio names!
    Jul 9, 2015. 02:31 PM | 1 Like Like |Link to Comment
  • Active Vs. Passive Investing - Which Side Are You On? [View article]
    Thanks for your comments, nokomis. You make some interesting and relevant points. Investing never goes according to plan, which is why it's so important to have contingency plans for dealing with the unexpected. Without a written plan, most investors simply act on emotions. That's usually a mistake.
    May 12, 2015. 01:52 PM | Likes Like |Link to Comment
  • Active Vs. Passive Investing - Which Side Are You On? [View article]
    I agree that there are some individual investors (retail, non-professional, part-time investors) who can and do beat the market. But the studies I've read all agree that most do not. That should not stop you from trying, especially if you enjoy the challenge, and you have the time to spend on the effort.

    I'm interested to hear about the common ways to beat the market you mentioned. Are they covered in the article you linked to?
    May 12, 2015. 01:47 PM | Likes Like |Link to Comment
  • Active Vs. Passive Investing - Which Side Are You On? [View article]
    Thanks for the comment, and you are most welcome.
    May 12, 2015. 01:40 PM | Likes Like |Link to Comment
  • Wild day for education stocks [View news story]
    I would be against Obama nationalizing "for profit" education companies. I would rather see them regulated like utilities, which they are. They should be required to become fully accredited before they can market themselves as legitimate institutions of higher learning.
    Mar 25, 2015. 03:07 PM | 3 Likes Like |Link to Comment
  • We Are Now In The Early Stage Of A Valuation Bubble In Stocks [View article]
    Thanks for the comment, germiller. I agree that Vanguard has a good record and the fact that they have rebalanced away from U.S. assets is significant. What makes this move by Vanguard even more significant is that most target date funds are very reluctant to tinker with their allocations unless it's caused by the passage of time. As the fund gets closer to the target date, the allocation will begin to shift away from risk assets and towards riskless (if there actually is such a thing) assets. But to make a shift between geographical regions in mid-stream is rare. Thanks for pointing this out.
    Mar 25, 2015. 12:14 PM | 1 Like Like |Link to Comment
  • Is It Too Late To Buy These Stocks? [View article]
    EPS growth is slower than peer group, gross margins are lower than peer group. But most other valuation and profitability metrics are good to excellent. I'm a buyer of KKR on any weakness.
    Jul 9, 2014. 10:48 AM | Likes Like |Link to Comment
  • Is It Too Late To Buy These Stocks? [View article]
    Take a look at this write-up in Barrons for some insight about why KKR is so cheap.
    Jul 9, 2014. 12:24 AM | Likes Like |Link to Comment
  • Is It Too Late To Buy These Stocks? [View article]
    Thanks for the comment, getreal.
    Jul 9, 2014. 12:18 AM | 1 Like Like |Link to Comment
  • Select Comfort craters following sales warning [View news story]
    I would not recommend buying this one until the second wave of selling is finished. There are almost always a few large holders who need to make sell decisions by committee, so there is a delay of up to one full day before they start dumping into an already weak market for the shares. Patience will be rewarded, and you might be able to pick up the stock for closer to $16 if you wait.
    Jan 6, 2014. 01:47 PM | Likes Like |Link to Comment
  • Book Review: 'All About Market Timing' [View article]
    Do not expect more than 20% per year? How can you say that with a straight face while claiming to be humble?
    Oct 25, 2013. 05:48 PM | Likes Like |Link to Comment
  • Live Nation - Everybody Wants To Rule The World [View article]
    Great work on this. I own the stock at a cost of $10.33 and I've been looking for opportunities to add. You mentioned that you would buy more at the $10 level, but given the bright prospects for the company, are there circumstances where you might pay more than that?
    May 4, 2013. 12:46 PM | Likes Like |Link to Comment
  • 10 Solid Stocks For 2013 [View article]
    You make some good points here, and you obviously did your homework on JOE. The reason I included this stock on the list is because of its' low correlation with the other 9 stocks. It passed the first two screens easily, but didn't do very well in terms of analyst ratings. But what it lacks in sponsorship is more than offset by the benefit to the portfolio from having a low correlation to the other names. Having this kind of diversification will make the portfolio stronger and less vulnerable to market weakness. Thanks for your comments.
    Dec 26, 2012. 12:44 PM | Likes Like |Link to Comment