July 14, 2016
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
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
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
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
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 […]
June 17, 2016
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
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
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
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
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
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
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
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
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
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 […]