Knowledge Leaders

Earnings Don’t Matter! December 06, 2017

Posted by Knowledge Leaders Team in Knowledge Leaders

Our long-time readers are familiar with the work of Professor Baruch Lev of the NYU Stern School of Business, whose research forms the basis for the Knowledge Leaders investment strategy. In his decades-long study of financial records, Lev first discovered a link between a firm’s…

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Quarterly Strategy Update: Dynamic Undercurrents October 19, 2017

Posted by Knowledge Leaders Team in Economy, Knowledge Leaders, Markets

Since the start of this year, the US Treasury market is signaling a scenario of rising growth expectations and falling inflation expectations, as reflected by the various components that comprise interest rates. In this quarter’s strategy update, Portfolio Manager Steven Vannelli, CFA, explores the following:…

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Quarterly Strategy Update: Structural Rotation July 20, 2017

Posted by Steven Vannelli, CFA in Economy, Knowledge Leaders, Markets

This quarter, we look at two important structural changes that appear to be underway: a normalization in US and European monetary policy and a normalization in crude oil inventories. We expect these two trends to have important ramifications for equity sector leadership trends. In addition, we expect…

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Quarterly Update: Knowledge Leaders Strategy April 20, 2017

Posted by Steven Vannelli, CFA in Economy, Knowledge Leaders, Markets

In this quarter’s Knowledge Leaders Strategy update, we discuss our work in four areas. 1. The state of global innovation: After 52 years, Moore’s Law is alive and well with the number of transistors per chip still doubling every two years. Since semiconductors are the general…

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Gavekal Capital, LLC is now Knowledge Leaders Capital March 17, 2017

Posted by Steven Vannelli, CFA in Knowledge Leaders

I’m delighted to share some firm news: as of today, we are Knowledge Leaders Capital. Independently owning and operating an investment advisory has been my dream since interning at my father’s firm in the early 1990s. I founded this advisory firm in 2006, in Denver,…

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Q&A with Peter Zeihan, Part 2: Three New Wars March 13, 2017

Posted by Knowledge Leaders Team in Economy, Knowledge Leaders, News

We recently met with geopolitical strategist Peter Zeihan to discuss world events since the American election and his new book, “The Absent Superpower: The Shale Revolution and a World without America.” In the book, Peter credits energy and resource innovations with reshaping the global geopolitical…

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