Last week a new paper crossed my desk that I picked up with a great deal of interest.
One of the authors of the paper is H. Nejat Seyhun. While that isn’t exactly a household name, he is a professor at the Ross Business School at the University of Michigan who is well known among us academic finance geeks.
He is the author of Intelligent Investing, which I consider to the bible of insider trading research as well as several other important papers on using insider buying and selling to make money in the stock market.
The good doctor and his team have identified a trend that we can add to our arsenal of numbers-based strategies to make them more powerful, and improve our returns in the stock market…
I start every day with a long walk.
We live in a sprawling community that backs up to an enormous swamp ad nature preserve, so I see an incredible amount of wildlife.
Deer, alligators, snakes, and an astonishing array of birds are visible pretty much every day.
Although I haven’t seen one yet, both neighbors have spotted both bears and panthers at night on my street.
I was never much of a tree hugger, but I have gained a much deeper appreciation of nature since moving to Florida.
The other day I saw something incredibly unusual that is also a perfect metaphor for investing in the markets…