October 1, 2016
Two very good recent pieces from Research Affiliates. One on commercial real estate (I learned a lot in this one) and the second on….factor timing! Chart then download: —- —- Link to articles: Next Season’s Meager Harvest in Commercial Real […]
September 26, 2016
Looong market review from Mark Yusko with lots of quotes by Seth Klarman… Quote then download: —- “Sometimes buying early on the way down looks like being wrong, but it isn’t. You must buy on the way down. There is far more […]
September 22, 2016
Read both of these, they’re great….Bernstein (Bill) and Tetlock. Quote then download: —- CR: Is it also why you emphasize saving, which is to avoid the worst-case scenario of running out of money? WB: Exactly. The other way of looking at Pascal’s […]
September 19, 2016
Long piece from DB…lots of great tables at the end with historical returns, etc. Wowza DB one of the more bearish shops! Chart then download: —- —- Link to PDF: Long Term returns Website: https://www.db.com/
September 16, 2016
13F time with one of our favorite publications, Novus Research. Chart then download: —- —- Link to PDF: Novus 13F Update Website: https://www.novus.com/
September 9, 2016
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
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
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
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
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
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
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
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
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
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 […]