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Diligence Institute

Highlights From New Constructs Investment Research

Danger Zone: Value Investors

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Check out this week’s Danger Zone Interview with Chuck Jaffe of Money Life and MarketWatch.com.
Value investors are in the… Read more >>

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Our Outlook For Stocks in 2014

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The bull market received a bit of a scare last week as the S&P 500 fell almost 3%, the biggest… Read more >>

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New Constructs Integrates with FA today, Bringing Diligence to 200,000+ Advisors

New Constructs Integrates with FA today, Bringing Diligence to 200,000+ Advisors

Together with FA today we can help more investors protect their portfolios from blow-ups and get the diligence they need to fulfill fiduciary responsibilities and run their practices more efficiently.

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Danger Zone: Momentum Investors and the Financial Sector

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As regulators dole out punishments that fit the crimes, they are finally closing many of the illegal trading loopholes that have driven so much of Wall Street profits over the past decade.

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Danger Zone 11/4/13: XBRL (eXtensible Business Reporting Language)

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The potential utility of XBRL as a tool for regulators to fight fraud and investors to better analyze companies makes its numerous flaws that much more of a shame. I can only hope that the SEC realizes the value of XBRL and makes a commitment to ensuring the accuracy and validity of XBRL data.

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“Why Wall Street Hates Admitting Wrongdoing”

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Any admission of guilt exposes the guilty party to liabilities for offenses against other parties.

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My Presentation For Vanderbilt’s Managerial Studies Visiting Executive Program

My Presentation For Vanderbilt’s Managerial Studies Visiting Executive Program

Today, I had the pleasure of meeting with a very smart and attentive group of Vanderbilt undergrads as part of the Managerial Studies Visiting Executive Program.

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Wall Street Journal Features My Advice on Dividend Stocks

Wall Street Journal Features My Advice on Dividend Stocks

Popular dividend stocks could be ticking time bombs.

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Danger Zone 9/16/13: E*Trade Babies

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Online trading firms aim to exploit the gullibility of many retail investors by encouraging the myth that they can outperform professional money managers armed with vastly greater resources, experience and expertise. The E*Trade babies are the most glaring symbol of this myth. The symbol also reinforces the notion that investing is an easy task that takes no special effort or aptitude to succeed.

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Discussing FASB’s Lease Proposal

Discussing FASB’s Lease Proposal

On August 27th, I met with my fellow members of the FASB’s Investor Advisory Committee (IAC) to discuss the proposed treatment of operating leases on the balance sheet by the Financial Accounting Standards Board (FASB).

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GURU and the Rise of Quality Holdings Research

GURU and the Rise of Quality Holdings Research

The recent popularity of the Global X Top Guru Holdings Index ETF (GURU) is a testament to the fact that investors are realizing the importance of a fund’s holdings above all else.

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Meet Sharegate: Another Distribution Partner For New Constructs

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New Constructs has joined Sharegate as an Elite Contributor. If you are unfamiliar, Sharegate is the investment industry’s newest financial social network. It has some new tools for communicating with companies, submitting investment analysis and interacting.

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How To Protect Yourself From Wall Street Insiders

How To Protect Yourself From Wall Street Insiders

Recent revelations about the illegalities of information flows at expert networks and hedge funds like SAC Capital signal, I hope, a long overdue decline in amoral activities that Wall Street insiders have exploited for decades to score outsized riches while the average investor is often left holding the bag.

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Don’t Bet on Luck: Active Management Underperforms

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Trying to pick the next manager to get hot is not investing. It’s gambling, and the odds are heavily stacked against you. There is no substitute for good due diligence.

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FASB/IASB Considers Adopting Revised Rules for Operating Lease Accounting

FASB/IASB Considers Adopting Revised Rules for Operating Lease Accounting

We applaud the Financial Accounting Standards Board’s (FASB) latest proposal to change the way leases are reported. The new rules would make only the shortest-term operating leases exempt from being recorded on the balance sheet.

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Danger Zone 6/3/2013: Perma-Bears and Bubble Alarmists

Danger Zone 6/3/2013: Perma-Bears and Bubble Alarmists

I am optimistic about the U.S. economy and I don’t believe we are in bubble. Too many investors and economists are looking at the economy the wrong way.

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Interview With Former FASB Chairman Robert Herz

Interview With Former FASB Chairman Robert Herz

As the Chairman of the Financial Accounting Standards Board, or FASB, from 2002 to 2010, Robert Herz has had a much larger influence on financial markets than the average investor appreciates.

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Why I’m Bullish And We Are Not In a Bubble

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I believe the US economy is undergoing a restructuring where we, as a society, are becoming radically more productive. I think that we are entering a new economic paradigm of productivity in both our corporate and labor markets. In this new paradigm, we achieve enough gains in productivity to offset the inflationary forces of QE.

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S&P Says Ratings Were Never Meant To Be Reliable

S&P Says Ratings Were Never Meant To Be Reliable

S&P admits its ratings were never supposed to be reliable. How’s that for proof you need to do your own diligence?

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Tackling Big Data For Due Diligence in Footnotes

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The fact that my analysts read all the 10-Ks means our clients do not get blindsided for not reading the fine print in corporate disclosures.

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