Henry Lee

'Quantitative Strategies for Achieving Alpha' Raises Questions on Equity Analysis

These are excellent thoughts, but the "real answer" to quant and herding is value. If company is trading at less than instrinsic value, and there is catalyst to realize that value, then that stock-company will out perform. I dont think it is more complicated than that.

Fundamental Valuation: How Low Could We Go?

We can always go lower than most investors think we can. Moreover, if the vast majority of investors think they can stop themselves out, then we will go lower. There is no floor to valuaitons as some might think. The only floor is the company buying back there own stock with the profits they have generated from the business. This is a floor to the stock.