What a wonderful piece on capital allocation. 71 pages – read it all. The chart then downloads: —- —- Download PDFs Capital Allocation Website www.credit-suisse.com
My buddy Wes Gray showed that long term valuation metrics work great, especially in reducing turnover. Here is the CAPE for all S&P 500 stocks from caperatio.com A few of the cheap stocks then the download: —- —- Download PDFs Cape […]
Now for something a little different – here is a pitch deck from a private ETF issuer (mine!) that is doing a crowdfunding equity raise round. Obviously I think ETFs, and active ETFs, are a game changer that is just […]
Joachim Klement has an update to some of his papers, and while he has some different takes on CAPE and value, he had one chart that I loved on CAPEs and future drawdowns. Not surprisingly, the more you pay for […]
Summertime reading has been a little slow, but here is a fun question: Name the asset class: 17% return/yr past 10 yrs No down years Ours trades at 35 PE I’ll spoil this with the answer (farmland). There are not […]
I sat down with my friend Peter Mladina the other day over some beers at a local pub. And along various conversations about the art of winemaking (his) and brewing beer (my first time, came out not bad), we chatted […]
Sector then country CAPE updates below. Archives updating later this week, I’m down on the farm in Kansas. Sorry for the delays – general EAFE and EEM are still both right at 15, with frontier slightly cheaper at 14.5…cheapest 25% […]
Anytime you see a model that forecasts S&P 500 at 670 by 2023, you know I’m going to take it for a read! Unfortunately, trying to read this paper on the exercise bike means I’m going to have to eventually […]
In the spirit of the World Cup, one more piece – this time from Alexander Ineichen. Some fun charts and tables in the piece! Chart then download: —- —- Download PDF Economic World Cup Websites http://www.ineichen-rm.com/
A friend passed along the name of this local research shop that I was not familiar with. This is an interesting paper on volatility, no hot stock picks but a few memorable quotes and passages…including something that keeps the asset […]
I think I sent this PPT out last year, but the white paper is now out from Shiller on sector rotation using valuation. Chart then download: —- —- Download PDF Changing Times,Changing Values: A Historical Analysis of Sectors within the […]
There are a lot of these pieces from the various banks on the World Cup floating around – I particularly liked this one as it takes a quant approach to picking the winner. Sadly, the US isn’t expected to make […]
The answer? Very little. Below is a nice chart from a presentation to the Texas Teachers Retirement System. It is a whopping 341 pages, but you can find all the good consultant presentations after page 47. (HT to Worth Wray […]
I think the P2P space is fascinating. Other than a $50 play account I have on Lending Club I don’t have any involvement. Here is a brochure-y piece that has a few nice charts embedded. Chart then downloads: —- —- […]