December 21, 2017

Optimal Universe

People always assume more is better when it comes to trading and markets….is it? Chart and download —- —- Link Optimal Universe Website https://www.pimco.com/ Get a Free Subscription! If you send me an email with a link or attachment to […]
December 13, 2017

Silver Bullet

Really nice PPT from Corey and the crew at Newfound… Chart and download —- —- Link SIlver Bullet Website https://blog.thinknewfound.com/ Get a Free Subscription! If you send me an email with a link or attachment to a piece you think […]
December 11, 2017

Profit Margins, Normal?

I’m going to have to read this one a few more times…but talks to the common belief that profit margins are too high and should mean revert (and argues people are mis-measuring them). Chart and download —- —- Link Mean […]
December 9, 2017

A World of Pure Imagination

Fun little video from Grant Williams…don’t agree with all but love to listen to him anytime he talks… Chart and download —- —- Link LiveStream Website http://stansberryresearch.com/ Get a Free Subscription! If you send me an email with a link […]
December 6, 2017

The Deepest Value

Paper from the AQR crew on deep episodes of value… Chart and download —- —- Link Deep Value Website http://aqr.com Get a Free Subscription! If you send me an email with a link or attachment to a piece you think […]
November 24, 2017

EV to EBITDA Hits All Time Highs

Nice list of valuation charts…all saying the same thing from the shop Crescat in CO. Though a fair amount in here I don’t agree with, some good ones too… Chart and download —- —- Link Crescat Q Letter Website https://www.crescat.net […]
November 22, 2017

Make PE Great Again

A couple great pieces on private equity from the author/hedge fund manager that was writing on how to replicate PE returns with public stocks. Chart and download —- —- Link Making Private Equity Great Again Betting on Unpredictability Website http://verdadcap.com/ […]
November 16, 2017

5%

Add Swensen to the list of people with low expectations.  Fun interview with written transcript too… Straight to download Link Swensen Interview Website https://www.cfr.org/ Get a Free Subscription! If you send me an email with a link or attachment to […]
November 14, 2017

FAANG

GMO on sector weights and influences on valuations… Figure and download —- —- Link FAANG SCHMANG Website https://www.gmo.com/ Get a Free Subscription! If you send me an email with a link or attachment to a piece you think readers would […]
November 3, 2017

Replicating Anomalies

Two links from Wes and AA crew on replicating academic studies.  Fun to read though fair amount of debate on the topic as they note… Chart and download —- —- Link Want to Learn More About Factor Investing? Replicating Anomalies […]
November 1, 2017

Stock Bond Switch

Nice piece from RA on valuing stocks and bonds and switching.  May have to build this out in Excel and play around with it on my own…also included another piece of theirs on T bonds…reminds me old a David Rosenberg […]
October 31, 2017

Tigers

Been awhile since I featured the Novus crew…here’s a nice follow up to the 13F Tiger work….lots of love there! Chart and download —- —- Link Catching up with the Cubs Website: https://www.novus.com/
October 29, 2017

Fintech Deck

Nice little summary deck from Kleiner… Chart and download —- —- Download Fintech Trends Link http://www.kpcb.com/ Get a Free Subscription! If you send me an email with a link or attachment to a piece you think readers would love, and […]
October 29, 2017

Vol

Hard not to read this piece and want to load up on tail risk…like 5 of you sent me this so clearly it struck a chord with some people. Lots I disagree with and some solid charts and arguements too… […]
October 24, 2017

PE…What’s the Point?

The case for PE has always been the persistence of the top quartile…well, that’s declining too. I for one don’t see why you don’t just buy a basket of small stocks sorted on EV/EBITDA…a nice liquid alternative! Chart and download: […]