March 18, 2015

4% Taxes

guess the question is, why would I NOT move The Idea Farm to Puerto Rico?  With a 4% corporate tax rate, it seems like a no brainer.  If you really want to save on taxes, you could also move there […]
March 10, 2015

This Market in 97 Percentile

I’ve featured The Macro Trader a few times on The Farm over the years.  It is the only place I know of that tracks the Value Line Median Appreciation Potential chart all the way back to 1968.  Not surprisingly, it’s […]
March 5, 2015

The Last Dictator in Europe

I was grabbing dinner with E.B. Tucker, the author of the linked publication, a few months ago.  We chatted foreign markets over some vegan Thai food (a phrase that sounds funny outside of LA probably).  He has a pretty cool […]
March 1, 2015

50

Only if you were living under a rock would you not know Buffett’s annual letter was out this weekend. That doesn’t mean it isn’t worth reading. Quote & download: —- BERKSHIRE HATHAWAY INC. ACQUISITION CRITERIA We are eager to hear […]
February 28, 2015

Yale Update

The goal here at The Farm is to only send out high quality research.  That means we may go a week or two with no emails, and then some weeks there will be five.  The good news is there is […]
February 23, 2015

13F Time

t is that time of the year, where each Q we get a peek into what the hedgies are doing.  I now run a private fund starting Jan 1 that tracks my 10 favorite funds (at 2X leverage) with a […]
February 12, 2015

Worst of the Best

I had not seen this before, but it is fascinating!  Value works great but seemingly the cheapest ranked value stocks stink!  I saw this with 13F models though that is somewhat of a different beast. Chart & download: —- —- […]
February 10, 2015

#1 Read of the Year

This is always my #1 read of the year, CSFB Global Investment Returns Yearbook!  This is the annual update to my favorite investment book, Triumph of the Optimists. If you haven’t read every yearly update, do it – it’s like an […]
February 3, 2015

What to do after a Big Stock Drop?

Back to back Mauboussin!  In this piece he looks at what to do after a 10% drop in a stock.  I feel like Altucher wrote about this in his first book for shorter time frames, but seems like a very […]
January 27, 2015

How do I pick the good ones?

One of the problems people often have is how to pick the best managers to track with 13F investments? Below is a piece from Novus (again), that tries to answer that question.  In addition, they named some managers I have […]
January 22, 2015

Is it Time for Active?

I was going to summarize my thoughts on the attached but I’ll let you digest it without my input. —- —- Download PDF Rates and Active Management Website www.nomura.com
January 18, 2015

13F: Chieftain & Brave Warrior

After a brief holiday hiatus we’re back with the weekly 13F profiles and this week is #9…Chieftain & Brave Warrior. Download PDF CHAPTER 9 – CHIEFTAIN CAPITAL MANAGEMENT / BRAVE WARRIOR ADVISORS “So the question is why should a decent […]
January 17, 2015

You Had One Job…

Mauboussin had a nice piece a few months ago on capital allocation in the United States.  Below is a version applied to the international markets. What an intro to the paper in the below quote! —- “Capital allocation is a […]
January 11, 2015

Yield Distortions

I’m going to have to read this twice, but it’s good.  The IMF on bubbles. Chart and download: —- —- Download PDF Identifying Speculative Bubbles: A Two-Pillar Surveillance Framework Website http://www.imf.org/
January 9, 2015

P/CF All Time High

Median price to cash flow for US stocks all time high. Table and download: —- —- Download PDF Multiples at All Time Highs Website http://wellscap.com/