June 17, 2016

New White Paper!

I wrote a new whitepaper.  As always, Idea Farm subs get a first look before it is public. As it is in draft format, please don’t share publicly yet.  We still need to do another round of edits and pretty […]
June 15, 2016

At Google with Marks, Grant, and more

I gave a talk at Google awhile back, and since then it looks like they’ve had lots of great guests like Marks, Grant, and Yacktman. Below is the YouTube channel link. Website Investors Google All talks at Google Get a […]
June 9, 2016

What Happens After New High After a Long Pause?

Today’s read comes from subscriber B.J. (recall you get $100 if you email over a piece I end up using!). It takes a look at the q:  what happens to the stock market when it hits a new high after […]
June 7, 2016

Robo

This very comprehensive piece isn’t on an investment idea but rather on investment tech – specifically the automated investment space. And at 140 pages it is very thorough. Chart then link: —- —- Article Link Are the Robots Taking Over? The […]
June 3, 2016

Future Returns Arnott Looking Great for US Stocks

Please note that the presentation is locked but you can use the password: FIC2016  to access the document. I sat in on this speech of Arnott’s, and as usual great work.  He touches a lot of ground, well worth watching!  One of […]
June 3, 2016

So Old

Demographics has always been interesting to me, but has yet to make it explicitly into my process.  Long report attached…with 350 charts! Chart then link: —- —- Article Link The Silver Economy Website http://www.bankofamerica.com Get a Free Subscription! If you […]
May 29, 2016

Q

The Q Group has their presentations online, and there are some from Shiller, Lo, Novy-Marx etc.  And you didn’t have to pay $6,500! Lots of slides like this but some more readable ones too! Chart then link: —- —- Article […]
May 12, 2016

Yield vs Duration

Short but sweet article here on the yield vs duration of bonds in 2000 vs now.  The search for yield continues….(and you know my opinion here.) Chart then download: —- —- Article Link Negative Interest Rates Website Home Get a Free […]
May 10, 2016

Sovereign Debt Restructuring

What happens to equities after sovereign debt restructuring? Chart then download: —- —- Download PDF Global Debt: Challenges and Opportunities Website http://www.ml.com/ Get a Free Subscription! If you send me an email with a link or attachment to a piece […]
May 1, 2016

Echoes of 1999

Very short but interesting piece from Research Affiliates. Quote then download: —- “Extreme relative valuations for EM versus U.S. stocks and bonds. By August 1998, the Shiller cyclically adjusted price-to-earnings (P/E) ratio (or CAPE ratio) for emerging market stocks reached […]
April 21, 2016

Concentrate

If you’re going to allocate to an active manager, they better be different. Bonus piece on microcap factors that work. Chart then download: —- —- Download PDF Alpha or Assets A True Microcap Strategy Website http://www.osam.com/ Get a Free Subscription! […]
April 20, 2016

World Value and Momentum

Great slideshow from Start Capital, with some awesome charts! Chart then download: —- —- Download PDF Stock Selection Website http://www.starcapital.de Get a Free Subscription! If you send me an email with a link or attachment to a piece you think […]
April 15, 2016

The Best Small Hedge Funds

Fun little list of some of the top small hedge funds.  Can’t really call Cannell emerging… Chart then download: —- —- Download PDF Top Emerging Hedge Funds Website: https://www.novus.com/ Get a Free Subscription! If you send me an email with […]
April 10, 2016

93%

Yale’s 2015 endowment update is (finally) out.  Always a fun read, and this year they dive into their successful PE investment program. Quote, allocation, then download: —- “Over the past twenty years, the venture capital program has earned an outstanding […]
April 6, 2016

Guide to Markets

Some great charts as always (also lots I don’t agree with). Two charts then download: —- —- Download PDF Guide to the Markets Website https://am.jpmorgan.com/us/en/asset-management/gim/adv/insights/guide-to-the-markets Get a Free Subscription! If you send me an email with a link or attachment […]