February 24, 2016
32 pager from our friends at Star Capital on using valuation methods to forecast stock returns…you know I like it! Charts then download: —- —- Download PDF PREDICTING STOCK MARKET RETURNS USING THE SHILLER CAPE Website http://www.starcapital.de/ Get a Free Subscription! If you […]
February 22, 2016
Fun little piece from Research Affiliates on forecasting models. Chart then download: —- —- Download PDF Forecasting Returns: Simple Is Not Simplistic Website http://www.researchaffiliates.com/ Get a Free Subscription! If you send me an email with a link or attachment to a […]
February 17, 2016
Much like our article on Buffett’s underperformance a few weeks ago, all great active managers go through periods of underperformance. Below is the 2016 outlook for Gotham Funds, run by Joel Greenblatt and Robert Goldstein. A wonderful paragraph and full letter attached: […]
February 15, 2016
My old white papers talked about combining momentum (relative strength) and trend (time series mo). It works great across asset classes, and apparently, within stocks too. Table then download… —- —- Download PDF The Enduring Effect of Time-Series Momentum on […]
February 11, 2016
The yearly update to my favorite investing book, Triumph of the Optimists, is out! Credit Suisse’s Global Investment Returns Yearbook 2016 is here! Do yourself a favor and go and read all the archives too… Chart then download… —- —- Download […]
February 4, 2016
The Canadian $ has been getting hammered, which is good for US skiers like me that really want to travel up the Powder Highway. Had not seen this source before but fun little article. Chart then download: —- —- Download […]
February 1, 2016
Fun little report on the top 10 hedge fund (clones) of 2015. List then download: —- —- Download PDF Top 10 Hedge Funds of 2015 Website: https://www.novus.com/ Get a Free Subscription! If you send me an email with a link […]
January 27, 2016
Attached is a short white paper I wrote on applying a value strategy to global sovereign bonds. It isn’t public yet so please don’t share! I may have a few more edits to make… Chart then download: —- —- Download […]
January 17, 2016
Basically dividend investing has no correlation to cash flows, but shareholder yield does. You know I like it! Lots of other great charts in here. Screenshots then links. —- —- Download PDF The Global Income Investor Slide Pack Website http://www.societegenerale.com Get a […]
January 17, 2016
Nice outlook piece from Newfound. Interesting to see that Bogle himself expects low returns from US stocks going forward. Pic then download: —- —- Download PDF Market Outlook 2016 Website Home Get a Free Subscription! If you send me an […]
January 13, 2016
Below are three papers and presentations on indexes and some modern applications, which sounds boring, but is actually pretty interesting. First, we have Prof Lo with a white paper on indexes. Next up is a short piece by Vanguard on smart […]
January 6, 2016
A fear years back I wrote about a handful of million dollar fintech ideas. Many of these ideas have been attempted with varying levels of success. One idea was a “best ideas” podcast, and another was a long form interview in […]
January 4, 2016
Quarterly CAPE Ratio Updates! Using the CAPE ratio on foreign stocks would have worked great in 2015. At least on a relative level, on an absolute basis almost everything lost money. As a reminder, we transitioned to using the MSCI […]
January 3, 2016
The Q Group is a quant forum that has been around for 50 years. They host a couple seminars each year with a membership price tag of $6,500. They bring in some of the top quants and academics from around […]
January 2, 2016
Two fun articles on asset allocation. The first is on risk parity, the second on when and how to rebal. (Quick summary – yearly is fine.) Charts then downloads….and Happy New Years! —- —- DOWNLOAD PDFs Strategic Asset Allocation Putting […]