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The Critical Importance of Process Over Outcomes in Investing

Validea

Using arbitrary factors like social media sentiment to make investment decisions lacks logical foundation, while focusing on fundamentals like valuations or systematic patterns follows clear economic rationale. Logical Framework : The underlying reasoning must be sound, with clear connections between inputs and outputs.

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Busting 50 Years of Investing Myths | Rob Arnott

Validea

Rob discusses his thought-provoking article “50 Years of Innovation, Myth Making and Myth Busting,” written for the 50th anniversary of the Journal of Portfolio Management. His insights are particularly valuable for investors trying to navigate today’s complex market environment.

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A $33 Billion Value Manager Who Has Actually Outperformed | Scott McBride

Validea

In this episode of Excess Returns, Justin and Jack sit down with Scott McBride, CEO and portfolio manager at Hotchkis and Wiley, to explore the approach that has allowed them to succeed during a time when many other value investors have failed.

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Top 10 Industries that Produced the Most Billionaires – Is Yours on the List?

Trade Brains

Even in 2025, many of the world’s richest people are portfolio managers, stock traders, or financial firm founders. With its potential to grow by any number worldwide, coupled with heavy margins on profit and potential early access to high-paying deals, finance is a natural billionaire-generator.

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Transcript: Jonathan Clements

The Big Picture

I think it’s very hard to say stocks are objectively cheap because all of these valuation metrics have, have become unreliable over the decades as the nature of the stock market has changed. 01:04:39 [Speaker Changed] I think it was the Journal of Portfolio Management. 01:04:41 [Speaker Changed] I think you’re you.

Investing 144
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Transcript: Lisa Shalett, CIO Morgan Stanley

The Big Picture

And valuations have been, you know, with the exception of, of some of the obesity drugs, the pharmaceutical industry has been squashed by, by worries about regulations squashed by the power of the insurance companies, you know, squashed by patent, expire, you know, squashed by a lot, a lot of things. I do not believe that.

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Transcript: Jeffrey Becker, Jennison Associates Chair/CEO

The Big Picture

We learned everything, you know, across from accounting to auditing to, to tax and valuation. I ended up in what was called the valuation services group, where we valued real estate and businesses either for transactions or for m and a activity. So our analysts and our firm are as important as our portfolio managers.