The Ultimate Investing Formula

+ 2025 Outlooks, Dating Trends, Felix Zulauf, Dan Rasmussen, Micky Malka & More

Author

The Idea Farm
December 29, 2024

In partnership with

“If you personalize losses, you can't trade.”

— Bruce Kovner

Research

Robeco did a fun study to evaluate the effectiveness of four popular investing formulas—the F-Score, Magic Formula, Acquirer’s Multiple, and Conservative Formula.

Source: Robeco

A Fed study examined the shifts in the U.S. marriage market, assessing how online dating, demographic changes, and evolving societal norms influence mate choice and broader sorting trends. It found that the changes in mate preferences and increased assortativeness by skill and education since 1960 account for about half of the increased income inequality among households.

Source: Federal Reserve Bank of St. Louis

State Street does a deep dive on securities lending, noting that while the returns may seem small on an absolute basis, it provides strong risk-adjusted returns, offers diversification benefits due to low correlation with other investments, and performs especially well during market crises.

Goldman Sachs - UK Equities: New York Calling (19 pages)

Goldman covers the state of the UK market and the growing valuation gap with US counterparts.

As of December 13, 2024

2025 Outlooks

Vanguard - Vanguard economic and market outlook for 2025: Beyond the landing Link

Robeco - 5-Year Expected Returns: Atlas Lifted Link

KKR - 2025 Outlook: Glass Still Half Full Link

Cambridge Associates - 2025 Outlook Link

J.P. Morgan Asset Management - 2025 Year-Ahead Investment Outlook: Out of the Cyclical Storm and into the Policy Fog Link

Goldman Sachs - Macro Outlook: Tailwinds (Probably) Trump Tariffs Link

Goldman Sachs - Global Equity Outlook: The Year of the Alpha Bet Link

Richard Bernstein Advisors - Certainties for an uncertain world Link

Charles Schwab - 2025 U.S. Stocks and Economy Outlook Link

UBS - The CEO Macro Briefing Book: 12 Questions Ahead of 2025 Link

Apollo - 2025 Economic Outlook: Firing on All Cylinders Link

Here’s Why Over 4 Million Professionals Read Morning Brew

  • Business news explained in plain English

  • Straight facts, zero fluff, & plenty of puns

  • 100% free

Podcasts

12/10/24 - 92 minutes

Ribbit Capital’s founder covers the founding principles behind Ribbit's mission to innovate financial services, the possibilities enabled by the intersection of crypto and AI, and more.

9/26/24 - 69 minutes

Eyal gives a masterclass on understanding the psychology behind our impulses and how you can better manage boith your time and your life.

12/12/24 - 55 minutes

Rasmussen covers a few topics, including U.S. market outperformance since the GFC, the set up for stocks in Japan & the UK, private equity return dispersion & more.

What Else Is Happening