Succinct Summation of week’s events 1.19.18 (plus 30 minute video on Value Investing)

It's that time of the week again with the succinct summation once again recording new all-time highs on all indexes, jobless claims at their lowest in 45 years and an increase in industrial production about double what was expected.  Gold going up as equities boom (it's supposed to be the other way around) and consumer sentiment coming in 3 points lower than expected are the potential worry points.  The bonus this week is a 30 minute YouTube video posted on The Big Picture blog today giving us a 30 minute mini-course on Value Investing.  Hope everyone had a great weekend as we enjoy our January thaw ... at long last! 


Succinct Summation of week’s events 1.19.18

January 19, 2018 6:00pm by Barry Ritholtz

Succinct Summations for the week ending January 19th, 2017:

Positives.

1. Major US Stock indices set new record highs;
2. Jobless claims fell to 220k, the lowest reading in 45 years;
3. Industrial production rose 0/9% m/o/m, well above the 0.4% expected increase.
4. The housing market index fell from 74 to a still strong 72.
5. MBA mortgage applications rose 4.1% w/o/w; Housing permits rose from 1.298M to a 1.302M SAAR.

Negatives:

1. Treasury yields reach highest since 2014, dollar gains;
2. Gold climbs on strength in precious metals, crude slides — a combination that is potentially worrisome.
3. Consumer sentiment slowed from 95.9 to 94.4, below the 97 expected reading.
4. Housing starts fell from 1.297M to a 1.192M SAAR, below the 1.28M expected.
5. Empire state manufacturing fell from 18 to 17.7 (last reading was revised higher to 19.6)

 Sun 1-21-18 Joel Greenblatt: Fundamentals of Value Investing - The Big Picture

Joel Greenblatt: Fundamentals of Value Investing

January 21, 2018 12:30pm by Barry Ritholtz

Interesting conversation with Joel Greenblatt on the Fundamentals of Value Investing. He is the author of the book You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits.

Sun 1-21-18 Joel Greenblatt: Fundamentals of Value Investing - YouTube

Video Segments:
0:00 Introduction
1:25 How did you learn about Value investing?
6:54 Looking for easy gains
8:45 Core elements of Value investing
10:43 Warren Buffett’s transition
13:09 There are still opportunities
17:44 Advice for a younger self
21:14 A homerun in your career?
29:05 Why did you decide to give back outside capital?

Source: Investors Archive, April 9, 2015