Knowledge Leaders

The “Moonshot” Portfolio April 15, 2015

Posted by Knowledge Leaders Team in Knowledge Leaders

When going through out point and figure charts, we sometimes come across a chart formation that we colloquially refer to as a ”moonshot”.  A ”moonshot” is when a chart has been in a basing formation or in a trading range for some time and then strongly bursts out of it to the upside.

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A Discussion On Return On Equity April 14, 2015

Posted by Knowledge Leaders Team in Knowledge Leaders

One the primary reasons we adjust financial statements to include intangible assets is have a more realistic lens to view every company with. Investment in intangible assets such as R&D, employee training and brand equity create sustainable, competitive advantages that result in higher market share and pricing power.

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The Fundamental Case for Canon April 13, 2015

Posted by Knowledge Leaders Team in Knowledge Leaders

Last week we received a good question from a client asking for our thoughts on Canon, the well-known maker of office machinery and cameras. Excepts from our response are below. From a relative strength perspective (relative to the MSCI ACWI), Canon has been in a well-defined long-term downtrend for the last four years.

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Time To Take A Hard Look At Juniper Networks April 02, 2015

Posted by Knowledge Leaders Team in Knowledge Leaders

Academic research has shown that not all research and development (R&D) is created equal. In every industry, you have two sets of companies: Knowledge Leaders and Knowledge Followers. On the one hand, you have Knowledge Leaders which are companies that introduce new and innovative products. These type of company’s follow a strategic innovation strategy.

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Bottom Fishing The MSCI North America Index $BBRY $TRQ March 23, 2015

Posted by Knowledge Leaders Team in Knowledge Leaders

Some of the greatest quotes in finance relate to finding investment opportunities by going against the grain such as this quote by the great Benjamin Graham: ”buy when most people…including experts…are pessimistic, and sell when they are actively optimistic.” With that in mind, we thought we would look at a couple of stocks where investors

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The Most Innovative Companies in the Emerging Markets March 19, 2015

Posted by Knowledge Leaders Team in Knowledge Leaders

There was an interesting post on Zerohedge the other day, an interview of Dr. David Jack, author of the new book “From Boom to Bust: A Typology of Real Commodity Prices in the Long Run”.  In the following exchange, Dr. Jack makes a connection between commodity prices and emerging market equity returns.

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Innovation Boom, R&D Spillovers and Stock Performance March 17, 2015

Posted by Knowledge Leaders Team in Knowledge Leaders

There is a new innovation boom playing out in the United States that has many positive implications for US equities.  In July 2013, the BEA began including investment in intellectual property in National Income and Product Accounts.  As part of this benchmark revision, the BEA revised the US national accounts going back to 1947 to

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