Marc Gerstein

Marc Gerstein is an unconventional "quant." He has long specialized in rules- and factor-based equity-investing strategies. And he authored two books on stock screening – Screening the Market and The Value Connection. Marc's quant inclinations trace back to his early days as an attorney (mainly criminal and landlord-tenant proceedings). In that world, everything Marc did had to be supported by evidence or legal authority. He first applied this evidence-oriented approach at Value Line, an independent investment-research firm that he joined in 1980. There, he learned to relate human investment stories to that company's "Timeliness" ranking system. During the mid-1980s, Marc managed the Value Line Aggressive Income Trust. That's a high-yield ("junk") bond open-end mutual fund. He steered the fund through the Drexel Burnham scandals and the related junk-bond storms. He came away from that experience with a non-academic but highly reality-based understanding of risk.

Add These Two Stocks to Your 2022 Playbook

It’s officially time to say goodbye to the “Dr. Doom” era… You’ll recall that I detailed the nearly 40-year stretch of failing interest rates in December. And I noted that a “brand-new ballgame” was coming, thanks to the Federal Reserve. Well, this brand-new ballgame just kicked off… The Fed increased the benchmark federal funds rate …

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Warren Buffett’s Covert Climate Investment

When you think about climate-focused investments, it likely involves trendy talking points… Wind… solar… water… geothermal… electric vehicles… you get the picture. But the thing is, these popular ideas aren’t the only ways to help the climate. Today, I’ll share one climate-focused investment you’ve probably never considered. But investing legend Warren Buffett is on board. …

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Corporate ‘Fire’ Isn’t Always Bad

At a Berkshire Hathaway (BRK-B) annual meeting I attended in the 1990s, Warren Buffett said he only had one skill… It was the ability to allocate capital. Now, you might think that process would be straightforward. But as I explained recently, Buffett’s decision-making prowess often breaks with common assumptions. Today, we’re going to look at …

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Fighting Inflation Without a 1970s ‘WIN’ Button

If you still have a vintage 1970s “WIN” button, you might be able to cash in today… The buttons were part of a grassroots effort to fight soaring inflation at the time. WIN stands for “Whip Inflation Now.” Officials hoped to raise awareness with the WIN buttons. The idea was that individuals should save more …

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Watch Out Below if You See This ‘Overvalued’ Ratio Combo

It’s easy to trumpet the virtues of value when high-flying tech stocks crash… Cathie Wood’s ARK Invest family of exchange-traded funds (“ETFs”) is the perfect example. These former market-beating ETFs peaked about a year ago… Now, they’re laggards. As my colleague Pete Carmasino noted on February 4, the flagship Ark Innovation Fund (ARKK) is down …

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How to Avoid the Metaverse’s Next Collapse

Anybody who thought the metaverse would be paradise just got a rude awakening… On February 3, metaverse pioneer Meta Platforms (FB) plunged 26%. It was the social media company’s biggest one-day drop ever – topping a 19% decline in July 2018. In addition to a bad earnings report, Meta projected weaker-than-expected revenue growth in the …

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The Power Gauge’s Take on the Spotify Mess

I’m sure you’ve seen Spotify Technology’s (SPOT) recent saga in the news… It all started with Neil Young. On January 24, the outspoken artist said he would remove his music from the streaming platform unless it dropped the popular The Joe Rogan Experience podcast. He reportedly told his management team in an open letter, “They …

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