November 6, 2016

Emerging Trends in Real Estate 2017

If you like real estate investing this monster 100 pager is for you. Chart then download… —- —- Download Emerging Trends in Real Estate Website Home
November 4, 2016

Chart Friday

Don’t forget today is the last day to download all my ebooks for free on Amazon…don’t miss out! Today we’re including just a few charts. The first chart from our friends at Leuthold demonstrates a common theme we’ve been discussing the past […]
November 4, 2016

CAP Updates Revisited

We’ve had a lot of new subscribers sign up in the past few weeks so I thought I would re-send this email from the end of September with global stock market valuations…E Quarterly CAPE Ratio Updates! Median CAPE Ratio: 25% […]
November 2, 2016

Horizon Returns

This is two years old but I enjoyed this lengthy piece on valuation and CAPE ratios… Chart then download: —- —- Download PDF P/E Based Horizon Returns Website https://www.aperiogroup.com/
October 31, 2016

Capital Allocation Updated

One of the best pieces on capital allocation by Mauboussin/CSFB updated through 2015. PS In honor of my 10! year blogiversary I made all my ebooks free to download on Amazon.  Chart then download: —- —- Download PDF Capital Allocation Website […]
October 28, 2016

The “Lloyd Christmas” Lesson

Technically it says a 0.2% chance…. Chart then download: —- —- Download PDF Take the 5% Challenge  Website https://www.researchaffiliates.com/documents/Take%20the%20Five%20Percent%20Challenge.pdf
October 26, 2016

Two Centuries of Price-Return Momentum

Fun read on momentum from the FAJ. And for those interested, here is a fun crowd funding for a private ETF company! Chart then download: —- —- Download PDF Two Centuries of Price-Return Momentum Website http://www.cfapubs.org/doi/abs/10.2469/faj.v72.n5.1
October 10, 2016

Secular

Fun quarterly piece from Crestmont on stock market cycles…they have a handful of other charts and publications on the website worth reviewing too. Chart then download: —- —- Download PDF Understanding Secular Stock Market Cycles Website Financial Market and Economic […]
October 6, 2016

Real Drawdowns

Added local real drawdown %: Real Local Drawdown % Australia -7.89 Austria -52.43 Belgium -4.45 Brazil -43.78 Canada -6.15 Chile -39.5 China -35.51 Colombia -36.25 Czech Republic -45.18 Denmark -11.25 Egypt -62.63 Finland -53.49 France -10.96 Germany -13.36 Greece -97.43 […]
October 4, 2016

CAP Updates

Quarterly CAPE Ratio Updates! Median CAPE Ratio: 25% most expensive: 23 (U.S. in this bucket) 25% cheapest 10 Average of Foreign Developed 17 Average of Foreign Emerging 14 We’ve mentioned this a lot in the past but bears repeating.  We […]
October 4, 2016

Closed End Funds

Semi annual piece from MS on closed end funds, if that’s your thing…. Chart then download: —- —- Link to articles: Closed End Fund Report Website: http://www.morganstanley.com/
October 1, 2016

Commercial Property and Timing Beta

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

Mark and Seth

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

Two Great Interviews

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

Returns by Decade

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/