{"id":145,"date":"2014-12-30T09:00:08","date_gmt":"2014-12-30T09:00:08","guid":{"rendered":"https:\/\/valueinvestorasia.com\/?p=145"},"modified":"2015-08-29T22:32:00","modified_gmt":"2015-08-29T22:32:00","slug":"december-2014","status":"publish","type":"post","link":"https:\/\/www.valueinvest.com\/hongkong\/december-2014\/","title":{"rendered":"December 2014"},"content":{"rendered":"

Neil Woodford interview<\/a><\/strong><\/span>
\nLondon Value Investor Conference speaker Neil Woodford was interviewed by Killik & Co last week, in this video he discusses the approach of his new fund.<\/p>\n

For better investment results, concentrate<\/strong><\/span><\/a>
\nIn this article Peter Elston suggests that many active funds are in reality \u201ccloset index huggers\u201d. After looking at findings from a variety of sources, he concludes that \u201cthe evidence strongly supports the case for putting 10 per cent [of a portfolio] in a thoroughly researched, well-governed, high-yielding stock, not 1 per cent.\u201d<\/p>\n

Closet trackers made up a third of the total UK equity market<\/strong><\/a><\/span>
\nFollowing on from the above article, David Oakley provides some analysis on active versus passive management using some examples detailing five of the biggest UK funds.<\/p>\n

Reversion to which mean?<\/strong><\/a><\/span>
\nIn this video, Elroy Dimson, emeritus professor of finance at the London Business School tells Long View columnist John Authers about the risks of exiting the market, even if it seems due to revert to the mean.<\/p>\n

A fireside chat with Charlie Munger<\/strong><\/a><\/span>
\nAfter Munger\u2019s Daily Journal shareholders meeting, Jason Zweig from the Wall Street Journal interviewed him on a number of topics. The article covers Munger\u2019s views on a broad range of topics including Ben Graham, accounting, newspapers, Buffett and high frequency trading.<\/p>\n

Hard sell: why fund managers underperform<\/strong><\/a><\/span>
\nThis John Authers article in the FT looks at the effects on the performance of fund managers sell decisions. He suggests that the overall positive impacts of buy decisions among 45,000 trades of a group of pension funds between 2003 and 2006, was outweighed by the negative impacts of their sell decisions. The underlying reason for this effect is analysed in the article, it looks like there is a psychological reason for the effect, where \u201cpeople happily took far greater risks to avoid taking a loss than they would to expand a profit.\u201d<\/p>\n

Value investing during worldwide quantitative easing<\/strong><\/span><\/a>
\nMost Value Investors tend to be \u201cbottom up\u201d investors, choosing not to focus too much on macro issues, but no investment exists in a vacuum and Arnold Van Den Berg of Century Management gave this presentation earlier in 2014 looking at the potential effects of the recent worldwide quantitative easing programme and how it might affect investors over the coming years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Neil Woodford interview London Value Investor Conference speaker Neil Woodford was interviewed by Killik & Co last week, in this video he discusses the approach of his new fund. For<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/posts\/145"}],"collection":[{"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/comments?post=145"}],"version-history":[{"count":0,"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/posts\/145\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/media?parent=145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/categories?post=145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valueinvest.com\/hongkong\/wp-json\/wp\/v2\/tags?post=145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}