Articles

KIM: Long-term investors let volatility be their friend

We’re biologically wired to avoid losses at any cost, and the bad memories of 2008 are still fresh. So it is perfectly understandable that investors are having a visceral reaction and feeling a great deal of anxiety. By the same token, we believe investors must overcome these biases in order to succeed.

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KIM: Stock buybacks can be a harmful ‘sugar high’

The combination of higher EPS and company buying usually provides a short-term boost to the stock. This makes Wall Street happy, keeps the activists at bay, and helps management enhance the value of its stock options and meet bonus targets.

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