My buddy Wes at Empiritrage & Turnkey Analyst just put out a fun new study going back to the 1920’s. He wanted to know the answer to the question: “What if you had perfect foresight in picking stocks, and could […]
Ambassador Capital takes a look at TIPS, a poorly understood asset class. They come to the simple conclusion – don’t buy them. Quick chart before the download: —- —- Download PDF TIPS of the Iceberg Website http://ambassador-capital.com/
I sat down for sushi with John Del Vecchio in Dallas this past week, and as always, it was an interesting conversation. For those unfamiliar, John is a forensic accountant who worked for some of the most famous names in […]
I’m always a sucker for chart books, and we’ve featured JPM’s Guide to the markets before. Here is their new quarterly update. Quick chart then the download: —- —- Download PDFs Guide to the Markets Website https://www.jpmorganfunds.com/
It’s hard to keep up with all the academic literature out there. I used to post summaries from AlphaLetters, some of the banks do research summaries, and CXO always does a good job. Below are two summaries from another source, […]
I saw an analysis a few months ago on rebalancing portfolios sorted on CAPE monthly, which really didn’t make a lot of sense to me. Many long term valuation metrics need a little time to work out. Brightman talks about […]
Below is our quarterly CAPE update with the frontier markets included. —- Country Latest Greece 3.48 Ireland 6.45 Argentina 6.54 Russia 6.94 Italy 7.78 Jordan 7.86 Austria 8.92 Pakistan 9.39 Hungary 9.52 Spain 9.52 CzechRepublic 9.88 Israel 10.04 Lebanon 10.09 […]
A fun read from Grant’s to print out during Sunday football…I’ll be in NYC, Chicago, and Dallas next two weeks if anyone wants to meetup! Quick pic before the download: —- —- Link to the PDF Grant’s August 2013 Website […]
A fun guide on how to clone or index managed futures. Why pay for a Winton when you can do it all yourself? —- —- Link to the Article Demystifying Managed Futures Website http://pages.stern.nyu.edu/~lpederse/
One of Buffett’s favorite indicators is stock market cap to GDP. Below, Minerd looks at the indicator for global countries relative to their history. Not surprisingly, lots of cheap countries out there… —- —- Link to the Article MKT CAP […]
My buds Wes Gray and Jack Vogel just put out a killer new paper where they asked the above question. The simple answer is “yes it does”. The more interesting answer is 1) there are other cyclically adjusted measures that […]
Once a month I send out an email to readers that have not yet subscribed to The Idea Farm with a recent newsletter. Below is a recent piece from Waverly Advisors. More info on their shop below, but institutional investors and sophisticated […]
I read everything Research Affiliates puts out – and you know I can’t pass up something with a CAPE chart! Quick screenshot before the download: —- —- Link to the Article The Impact of Tapering Website http://www.researchaffiliates.com
Many of you saw my blog post on bond drawdowns back in July. If you didn’t, the summary is that bonds historically haven’t gone down much more than they have already. In the attached note, Scott Minerd looks at previous cycles […]