September 9, 2016

(Not so) Pure Energy

I’ve never been quite comfortable with resource stocks as a pure substitute for commodities, but this piece from GMO makes a good argument. Chart then link. —- —- Link to article: An Investment Only a Mother Could Love: The Case […]
September 7, 2016

Coppock

I was going to write a paper on the Coppock Curve a long time ago, maybe I’ll revisit. Ned Davis has some similar results on their site for the DJIA too. His quote, chart, then link. —- “After nearly two […]
August 27, 2016

Debate

Cliff and Rob debate their factor timing papers at the Morningstar conference. Full transcript below.  Plus, you can subscribe to the M* magazine for free – and you should, it’s very good. No quotes just link. Link to article: Meeting of the […]
August 23, 2016

zzZZzzzz

I’ve received a handful of emails from subs wondering if they’ve missed any emails – nope!  I haven’t read much of interest lately, and I refuse to just blast out noise if there isn’t anything of value.  So, just wanted […]
August 5, 2016

Ten Attributes of Great Investors

Two nice pieces from CSFB and Mauboussin.  And one bonus mind bender from Edge.  Seriously, take it for a spin. No charts just downloads.  Enjoy the weekend!  And if you haven’t seen it, go check out the new podcast! Download Reflections […]
August 2, 2016

Few Bargains

Blackrock mid year outlook with a few nice charts.  Below is a summary of valuations relative to historicals… Chart then download: —- —- Download Blackrock mid year outlook Website https://www.blackrock.com Get a Free Subscription! If you send me an email […]
July 29, 2016

Value Spreads: Wide or Narrow?

Wide!  Found this via Brooklyn Investor. Chart then download: —- —- Download Q2 Commentary Website http://www.pzena.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 I […]
July 27, 2016

Go Broncos

Everyone has a bias, and home country bias is a big one…nice update from Vanguard. Chart then download: —- —- Download global case for strategic asset allocation and an examination of home bias Website https://investor.vanguard.com/ Get a Free Subscription! If you send […]
July 25, 2016

Dynamic Risk Parity

You may know them as the Butler & Philbrick crew, but their company name is ReSolve.  They launched a new ETF in Canada, and put out a really nice white paper with it.  I included another paper from SSRN too […]
July 19, 2016

Asset Class VAMO

Hat tip to Swedroe for alerting to this paper.  Value and momentum at the asset class level, you know I like it!  Here is also a nice RealVision interview with Victor. Also included a download of Cliff’s old paper “Value and Momentum […]
July 14, 2016

Asset Management Distruption

Great piece from Morgan Stanley on the asset management industry…with implications for lots of investment companies and stocks… Chart then download: —- —- Download Disruption Trends Website www.morganstanley.com Get a Free Subscription! If you send me an email with a […]
July 1, 2016

CAP Updates

I’m sure most of you saw this but my podcast is finally live!  You can subscribe on iTunes here, and all of the episodes and shownotes can be found here. Quarterly CAPE Ratio Updates!  We added a new column which is local […]
June 27, 2016

Total Yield on the Market

Nice Ibbotson piece with some nice charts… Charts then download: —- —- Download The Long Run Drivers of Stock Returns Website http://www.zebracapm.com/ Get a Free Subscription! If you send me an email with a link or attachment to a piece […]
June 24, 2016

The Price is Right

Part II in Research Affiliates series on smart beta and valuations.  And Cliff’s response. Chart then download: —- —- Download “To Win With “Smart Beta” Ask If the Price Is Right” “My Factor Philippic” Website http://www.researchaffiliates.com/ https://www.aqr.com/ Get a Free Subscription! […]
June 23, 2016

Why You Need Trend

Monster SocGen paper on trend.  Sounds a little bit like the Trinity portfolio so you know I love it! Chart, quote then download: —- “Trend-following systems have a defensive risk profile due to their positive returns in most market downturns. They […]