Get the latest manager insights, forecasts, and commentary.
By | 10-15-09 | 01:01 PM | Email Article

Mutual fund managers' quarterly letters, market commentaries, forecasts, and other reports are full of interesting tidbits and, if one looks carefully, investment ideas. offers coverage of 950 stocks, 1,150 mutual funds, and 300 ETFs, plus market news, economic analysis, portfolio-planning insights, and investment commentary.

Many portfolio managers, research chiefs, and advisors take the time to express their opinions about the markets, individual stocks, or other items on their minds. Some fund shops publish more frequently--on a monthly or even weekly basis. 

If you are interested in contributing to Perspectives, please email Liana Madura.

October 2009 Commentary
Barel Karsan | Saj Karsan | 10-15-2009
S&P Price to Book
Book values tend to be less volatile than earnings and can give us a decent indicator of how the market is valuing company assets.

Bill George | 10-15-2009
Leading in Times of Crisis
Bill George believes that this crisis is an opportunity for true leaders to step forward.

Bill George | 10-15-2009
$10 Twitter?
It's one of the most basic tenets of capitalism and free markets: at some point, you've got to charge for your services.

E*TRADE/Kobren Insight Management | Chris Keith, Director of Fixed Income | 10-15-2009
One Year Later and Firing on All Cylinders
One year after the credit markets froze up credit markets are thriving.

Osterweis Funds | Carl Kaufman, Portfolio Manager and Simon Lee, Assistant Portfolio Manager | 10-15-2009
The Illusion of Economic Strength
The rally in the financial markets seems to have been driven by excess liquidity and a weak dollar, rather than by improving economic fundamentals.

Osterweis Funds | John Osterweis | 10-15-2009
Going 'Nowhere Fast'
Osterweis remains skeptical that the economy and the financial system are anywhere close to healing sufficiently for the patients to come off life support.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-15-2009
Equity Life Cycle: The Moneyball Approach
Finding what Peter Lynch calls the "multi-baggers" is easier said than done, like searching for a needle in a haystack, but the rewards can be handsome.

Smead Capital Management | William Smead , CIO | 10-15-2009
Same Old Story
Be fearful when others are greedy and greedy when others are fearful.

American Beacon | Wyatt Crumpler, Gene Needles, Bill Quinn, Kirk Brown | 10-14-2009
Lessons of the "Great Inflation" and its Aftermath
Inflation - are we headed for it, how can we prevent it, and how bad could it be?

Barel Karsan | Saj Karsan | 10-14-2009
Borrowing to Buy Stocks
Margin debt on the NYSE can be a useful indicator of how Mr. Market is feeling.

Bill George | 10-14-2009
Why The 10,000 Point Dow Doesn't Matter
This purported milestone isn't a victory. It's nonsense.

Calvert Group | Natalie Trunow, Chief Investment Officer, Equities | 10-14-2009
Mixed Economic News Signals a Protracted but Potentially More Robust Recovery
Given current valuation levels, mixed economic data, and the significant rally off the market's lows of March, Calvert is cautious about the prospects for short-term market performance, but continues to expect a slower, more robust and sustained, "smile-shaped" economic recovery.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-14-2009
Siegel Digs in Heels on Stocks
Wharton Professor Siegel is investing in stocks for the long run.

University of Pennsylvania (Wharton) | Knowledge@Wharton | 10-14-2009
Inside the Bunker: CEO John Mack on Saving Morgan Stanley
Mack discusses his efforts at saving one of the best-known names on Wall Street at a time when then-Treasury secretary Henry Paulson and Fed Chairman Ben Bernanke were pushing for a merger with another big player, for a price as low as a dollar.

University of Pennsylvania (Wharton) | Knowledge@Wharton | 10-14-2009
'Too Big to Fail': Can Regulation Control Systemic Risk?
A description that means almost exactly the opposite of what it seems, "too big to fail" doesn't mean a financial institution cannot fail, but that it cannot be allowed to do so.

University of Pennsylvania (Wharton) | 10-14-2009
The Impact of High-Frequency Trading
Manipulation, distortion, or a better-functioning market?

US Global | Brian Hicks, Portfolio Manager | 10-14-2009
Commodity Insights from London
Notes from the London Metal Exchange's 2009 Metals Seminar.

US Global | Frank Holmes, CEO | 10-14-2009
Resources: A Demand Story
In our lifetimes we will never again have a synchronized global boom like what we've just experienced.

Antonio Fatas and Ilian Mihov on the Global Economy | Antonio Fat�s | 10-13-2009
How low is 1.48 (USD/EUR)?
Is a lower dollar really a desirable element for economic recovery?

Barel Karsan | Saj Karsan | 10-13-2009
Timing the Market
The odds of you winning this game are not in your favor.

Calvert Group | Natalie Trunow, Chief Investment Officer, Equities | 10-13-2009
Equity Markets Climb as Economy Shows Signs of Improvement
Calvert's Equities CIO Trunow expects a slower, but more robust and sustained, "smile-shaped" economic recovery.

Patterson Advisors | David C. Patterson, Erin Preston | 10-13-2009
More on Safe Withdrawal Rates
Setting an appropriate limit to your withdrawal rate is key to stretching your portfolio through retirement.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-13-2009
EPS House of Cards: Tricks of the Trade
A number of gray areas of interpretation can lead to a range of distorted EPS outcomes.

US Global | Frank Holmes, CEO | 10-13-2009
Rosy Forecast for Copper and Natural Gas
The Royal Bank of Scotland predicts that prices for certain commodities will be driven by inadequate supply in response to rising demand as the global economy gets back on track in 2010.

Advisors Capital Management | Dr. Charles Lieberman, CIO | 10-12-2009
Is There a "New Normal" for Growth?
The ideas behind the "new normal" seem a nice concept or story, but one lacking precedent, theoretical foundation, and unlikely to be seen.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-12-2009
Timothy Geithner, the Eddie Haskell Dollar Czar
These tactics and rhetoric can only work for so long.

Claymore Securities | Mike Schwager, Chief Market Strategist | 10-12-2009
Market Braces for Third Quarter Earnings
Confidence that third-quarter earnings could surprise to the upside, seem to be the driving force behind last week's gains.

Weitz Funds | Wallace Weitz, Bradley Hinton | 10-12-2009
Economic Life Post Recession
It is not unusual to see a strong initial rally off panic lows�like a bungee cord snapping back up after a long plunge�but further progress on the upside will probably be more difficult.

Lord Abbett | Milton Ezrati, Senior Economist and Market Strategist | 10-12-2009
Languishing Loans
Now that the economic and financial picture has brightened a bit, will banks support a continued economic expansion, or are they even capable of it?

Hussman Funds | John P. Hussman, Ph.D. | 10-12-2009
Zen Lessons in Market Analysis
Sound investment does not require forecasts. It is enough to align the investment position with the prevailing, observable evidence.

John Mauldin | John Mauldin | 10-10-2009
The New "Muddle Through" Economy
We are headed for a New Normal that is less than what the market currently believes and, unless the deficit comes under control at some point, we face the real prospect of following Japan into a lost decade.

Bill George | 10-09-2009
Bill Clinton on Global Citizenship at the 2009 World Business Forum
The former president stresses the need for us to think hard about good global citizenship.

Bill George | 10-09-2009
Paul Krugman: "The Future of the Global Economy"
While the past year has been a significant struggle, more challenges lay ahead.

Oak Value | Larry D. Coats, Jr, David R. Carr, Jr., Christy L. Phillips | 10-09-2009
Economic Cycles and Market Gyrations
Oak Value says the existence of uneven, unpredictable seasonality is an important element in security selection.

John Mauldin | 10-10-2009
Killing the Goose
The fiscal path of the enormous U.S. government deficits we are on could indeed kill the goose, or harm it so badly it will make the lost decades that Japan has suffered seem like a stroll in the park.

INSEAD | Kevin Tan, Singapore | 10-09-2009
Human Capital: the Challenges Facing Asia
The need to attract and retain talent is an important issue for many c-level executives, especially in Asia where developing countries such as China and India are helping to drive the world's economic recovery.

INSEAD | Javier Cu�at, The Beijing Axis | 10-09-2009
Mining in a Downturn: What's in it for China?
Chinese mining companies are not only finding new opportunities in the current predicament, but are also set to emerge from the crisis with an enhanced role in the global mining industry.

INSEAD | Lilian Luca, The Beijing Axis | 10-09-2009
Green Technology: China Means Business
More than a third of Chinese government's stimulus package has been earmarked for projects that have a positive environmental impact.

INSEAD | Karen Cho | 10-09-2009
Why Gymboree's China Strategy is No Child's Play
As China's star continues to shine, one of the more recent beneficiaries of the country's economic boom is the early childhood development sector.

Patterson Advisors | David C. Patterson, Erin Preston | 10-09-2009
Withdrawal Rates Can Be Critical to Successful Retirement
A number of studies have been conducted to determine a "safe" withdrawal rate that would ensure your funds would last through retirement.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-09-2009
Dry Powder Piled High
With the S&P 500 up +60% since the March lows, investors are getting antsy to put some of the massive mounds of dry powder back to work.

Smead Capital Management | William Smead , CIO | 10-09-2009
1982 or 2009: Pick Your Poison
Smead Capital Management doesn't believe all the doomsayers out there who say, "It is different this time."

INSEAD | Urs Peyer, Theo Vermaelen | 10-08-2009
Beating the Market with Buybacks
The return of share repurchases on a grand scale will signal that defrosting is giving way to overheating.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-08-2009
Super Sizing May Be Hazardous to Your Portfolio's Health
Investors need to resist the "Super Size" temptations in their concentrated portfolios and learn from the binging mistakes experienced by others.

Anderson Griggs | Kendall J. Anderson, CFA | 10-07-2009
The Dark Side of Diversification
Without thoughtful coordination of your total portfolio, you could increase the possibility for greater and deeper losses.

Invesco Aim Investments | Erik Granade, CIO; Ingrid Baker, Head of Emerging Markets | 10-07-2009
Emerging Markets: Coming of Age
Emerging markets have come a long way since the Asian crisis and the Russian debt default of the 1990s.

Invesco Aim Investments | Phil Taylor, Managing Director, CEO | 10-07-2009
Rock or Hard Place?
Finding a better option in a confusing market

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-07-2009
The Emotions of Investing
Emotional fears of loss can have a crippling effect in the decision making process.

US Global | Frank Holmes, CEO | 10-07-2009
Collecting Relics from the Recession
The Museum of American Finance is using the power of social media to catalog individuals' stories on how they have been impacted by the Great Recession.

Contrarian Edge | Vitaliy Katsenelson, CFA | 10-06-2009
In Defense of Capitalism: a True Love Story
Michael Moore's intellectually dishonest and myopic view of capitalism is less a documentary and more a propaganda flick.

Patterson Advisors | David C. Patterson, Erin Preston | 10-06-2009
Managing Your Credit Score � Part II
The various factors that impact your score.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-06-2009
Amazon: Growing Up to be Wal-Mart
An incredible franchise with huge barriers to entry

Advisors Capital Management | Dr. Charles Lieberman; CIO | 10-05-2009
The Recovery Process
The supertanker is turning, but it won't turn on a dime.

Barel Karsan | Saj Karsan | 10-05-2009
Margins Margins Margins!
Analyzing the profit margins of a company can help you determine its profitability relative to its competitors.

Caldwell & Orkin | Michael B. Orkin, CFA; J. Patrick Fleming, CFA; William C. Horne | 10-05-2009
Economic Drought Gives Way to Flood
While the outpouring of liquidity has refreshed the parched economy, the incessant strain of the deleveraging private sector remains.

Claymore Securities | Mike Schwager, Chief Market Strategist | 10-05-2009
Recovery Running on Fumes?
Will investors stay on the sidelines until the dust settles?

Dana Investment Advisors | Michael Dana | 10-05-2009
Sour Grapes
What if they held a bull market and no one came? Would it still be a bull market?

Hussman Funds | William Hester, CFA | 10-05-2009
Forward Earnings Imply a Return to Near-Record Profit Margins
There is no better example of a V-shaped forecast than for what is expected for the recovery in earnings over the next couple of years.

University of Pennsylvania (Wharton) | Knowledge@Wharton | 10-05-2009
Jobs Today, Gone Tomorrow
A Grim Employment Picture Could Get Grimmer

Hussman Funds | John P. Hussman, Ph.D. | 10-05-2009
Defensive, With a Measure of Equanimity
The green shoots we've observed are but a transient artifact of green dollars poured out by the government.

Lord Abbett | Milton Ezrati, Senior Economist and Market Strategist | 10-05-2009
Earnings and Valuation
Earnings growth can support a continued rise in equity markets, even after this year's rally and in a relatively sluggish economic expansion.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-05-2009
Nation's CEOs Suffering Severely: Pay Down -0.08%
I guess that 4th Ferrari and 3rd yacht will have to be put on hold.

US Global | John Derrick, Director of Research | 10-05-2009
In Praise of Emerging Markets
If you believe now is a good time to invest in U.S. stocks, emerging markets may offer even more opportunity.

John Mauldin | John Mauldin | 10-03-2009
Another Finger of Instability
The instability building up has the potential to create large disruptions, both positive and negative, in our future.

Antonio Fatas and Ilian Mihov on the Global Economy | Antonio Fat�s | 10-02-2009
More on the Medium-Term Outlook for the Recovery
The U.S. economy has displayed a surprising tendency to return to trend even after some major events such as the Great Depression, World War II or the recessions of the 70s.

Baird | Mary Ellen Stanek, CFA, Managing Director, CIO | 10-02-2009
Sugar High Now, Sluggish Later
Baird Advisors' Managing Director and CIO Stanek says a 'V-shaped' recovery is unlikely and further deleveraging, increased regulation, and taxes will create headwinds for the U.S. economy.

Wasatch | Sam Stewart, PhD, CFA, Founder and Chairman | 10-02-2009
Cautiously Optimistic
There are signs that "green shoots" are turning into "green stalks," however much work is left to be done, and a slow-growth economy is in store amid continuing fundamental challenges.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-02-2009
Strong Advice from Super Swensen
Paying close attention to powerful, seasoned industry veterans is key to surviving the bumps and bruises of the market.

US Global | Frank Holmes, CEO | 10-02-2009
For China and Elsewhere, Democracy is a Good Thing
The country has transformed itself from a political and business backwater into a dynamic global power, yet its people do not have many of the freedoms that we enjoy.

University of Chicago (Booth) | Vanessa Sumo | 10-01-2009
Dominant Use
How Customers Influence the Evolution of New Products

Business Insider | Henry Blodget | 10-01-2009
What AOL Won't Be Telling IPO Investors
Tim Armstrong has his work cut out for him.

ICON Funds | 10-01-2009
Clear and Classic Rally in Sight
ICON Advisers believes the fundamentals are in place for higher stock valuations and, further, that stock prices will try to keep pace and advance along with these higher valuations.

Patterson Advisors | David C. Patterson, Erin Preston | 10-01-2009
Managing Your Credit Score � Part I
A high credit score can save you plenty and ensure that financing is available should you need it.

Royce Funds | Francis Gannon | 10-01-2009
Resurrecting Final Demand
Confidence has returned to the markets � at least for the moment.

Royce Funds | 10-01-2009
Looking for Growth on Top of Value
Royce Funds Buzz Zaino covers the four catalysts for growth he looks for in stocks deemed significantly discounted to their values as businesses.

Royce Funds | Chuck Royce | 10-01-2009
Investors Should Be Cautious, Not Timid
In trying to avoid losses, people too often miss opportunities.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 10-01-2009
Celebrity Tax Evaders Run But Can't Hide
The only signature the IRS is interested in is on a check.

Smead Capital Management | William Smead, CIO | 10-01-2009
Battle of the Heavyweights
Some of the greatest minds in the investment world don't seem to agree on the direction and subsequent outcome for the economy. Who should we believe?

US Global | Frank Holmes, CEO | 10-01-2009
History's Greatest Money Printer
Dr. Marc Faber says there's a chance that global equity prices continue to rally in the presence of a weak dollar, and, the more money Bernanke prints, the more oil and other commodities will go up.

Current Perspectives

Perspectives Archive:

Securities mentioned in this article



Morningstar Rating Morningstar Analyst Report
With Morningstar Analyst reports you can get our expert Buy/Sell opinions on over 3,900 Stock and Funds does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.
Sponsored Links
Sponsor Center
Content Partners