September 29, 2017


There is a lot in here….CAPE ratios, expected returns, etc….I liked the section on the Global Market Portfolio (GMP). Chart and download: —- —- Links Expected Returns Website
September 28, 2017

Bonds for the Short Run

Ooof that doesn’t look good… Chart then download: —- —- Links Stocks for the Long Run Website
September 27, 2017


We haven’t featured Ineichen in awhile, but here’s a good piece from this summer. Chart then download: —- —- Links Peaks Website
September 24, 2017

Two Great Stories

Both of these stories are excellent.  Amazing how some small events can shape careers and also the course of history. Enjoy! Links Why Selling a Big Position of Puts the Day Before the Crash of ‘87 was a great trade […]
September 22, 2017

Quick Hits

It’s been pretty quiet over here.  I’m still stuck on how best to curate the top podcasts but here’s two good ones not to miss with Kyle Bass and Scott Malpass. Links Malpass Interview Kyle Bass Interview
September 1, 2017


Great paper from Pete Mladina on the global market portfolio…he compares it to 151 World Allocation funds…and finds most would be better off just indexing to the GMP…which is basically 50% a global stock index ACWI) and 50% a global […]
August 30, 2017

Multi-Factor REITs

A nice simple paper from OSAM on multi-factor REIT investing. …chart then download: —- —- Link A Factor Alpha Approach to REITs Website
August 28, 2017


As a reminder, if you send me a link/PDF to a research piece that I then use, I will credit your account $100.  We have readers that have made over $700 this way…so just send an email with RESEARCH in the subject […]
August 27, 2017

Bonds and Low Rates

Great paper…don’t miss…people love to think in nominal returns, but it is real returns that matter… …chart then download: —- —- Link Asset Allocation in a Low Yield Environment Website
August 23, 2017

New Book!

You can click on the below link to download a copy of the new book, The Best Investment Writing! It contains about 30 short pieces from some of the top writers in our industry… I would love to hear your feedback. […]
August 21, 2017

Macro Mo

A complimentary macro strategy to trend? …chart then download: —- —- Link Macro Momentum Website
August 18, 2017

The Rate of Return on Everything, 1870–2015

This is a good, if long white paper.  I’ve also included a summary article from the FT.  (Note: Housing is appreciation and rental income) …chart then download: —- —- Link The Rate of Return on Everything, 1870–2015? FT: Housing for […]
August 16, 2017

Robo Performance

I don’t know how much validity there is in comparing the performance across robo platforms, but figured some of y’all would like this.  Lots more info in here too… Chart then download: —- —- Link The Robot Report Website
August 15, 2017

S&P 500: Just Say NO

More from GMO on US stock valuations…another good one! …chart then download: —- —- Link Just Say No Website
August 6, 2017

Why Are Stock Prices So High?

Great piece from GMO on emerging markets and US stock valuations…don’t miss this one! …chart then download: —- —- Link Q2 Letter Website