October 2, 2015

CAP Updates

Quarterly CAPE Ratio Updates! As a reminder, we transitioned to using the MSCI IMI Indexes this year as we believe it is most accurate for the smaller countries.  It doesn’t really change the conclusions at all for the countries but […]
September 29, 2015

My Nightmare

I know a lot of institutions are big fans of illiquid assets, but honestly they are my nightmare. One quote then the link: —- “We have evaluated the common view that investors should be able to harvest a liquidity premium […]
September 27, 2015

The Yin and Yang of Factors

You know that I like this piece!  On the combo of value and mo… One chart then the link: —- —- Download How Not To Wipe Out With Momentum Website www.researchaffiliates.com/ Get a Free Subscription! If you send me an […]
September 16, 2015

Turns Out, CEOs Aren’t Stupid

I’m surprised this article didn’t get more coverage in the financial media.  I sent a summary earlier but here is the full article from OSAM on buybacks. One chart then the link: —- —- Download High Conviction Buybacks Website http://osam.com/ […]
September 13, 2015

A Curveball

The request for readers to send in their favorite reads is working out great, both of the last two issues were reader submissions.  As a reminder, I’ll rebate you a $100 credit if we use the piece so keep ’em […]
September 10, 2015

A New Source

I actually had no idea KKR put out some good research until a Farm reader emailed it over.  Good stuff with lots and lots of charts. One chart then the link: —- —- Download Begin Leaning In Website http://www.kkr.com/ Get […]
September 7, 2015


Corrected the download for 13D issue: —- Download 8/27 Issue Website http://www.13d.com/ Get a Free Subscription! If you send me an email with a link or attachment to a piece you think readers would love, and I use the piece, […]
September 7, 2015


Kiril and the folks at 13D write incredibly detailed commentaries on the markets.  Their flagship “What I Learned this Week” is a deep dive, and they have agreed to let us share this piece. Screenshot then download… —- —– Download […]
September 4, 2015


I’ve always enjoyed the Value Investor Insight and Super Investor Insight publications.  Here are two recent ones. One charts then downloads: —- —- Download Value Investor Insight July 31 Issue SuperInvestor Insight June Issue Websites http://www.valueinvestorinsight.com/ Get a Free Subscription! […]
September 2, 2015

Tracking the Activists

Those who have an interest in following the activists will like today’s piece.  Below are three pieces from Activist Insight. Screenshot then downloads… —- —– Download August 2015 July 2015 Annual Review Website Home Get a Free Subscription! If you […]
August 30, 2015

Timing the Market with Valuation

I did a fun pice on the blog outlining how to time the stock market using top down valuation and trend.  GMO also recently came out with a paper that looks at a super simple valuation timing method and not surprisingly, […]
August 16, 2015


Last one of the first list… Download PDF CHAPTER 23 – YACKTMAN ASSET MANAGEMENT When he’s researching a company for possible investment, value investor Donald Yacktman reads everything he can get his hands or his computer terminal on. What he doesn’t […]
August 11, 2015

All the ETFs in the World

Below is a monster Excel download with info on all the ETFs in existence.  Super interesting for some, meaningless for others. Courtesy AAII. Download Excel Sheet Websites http://www.aaii.com Get a Free Subscription! If you send me an email with a […]
August 9, 2015


Only a few more to go….this week, ValueAct! Download PDF CHAPTER 22 – VALUEACT CAPITAL “My father tells me the reason I generate the returns I do is that I see things other people don’t see. But that’s not exactly […]
August 6, 2015

Two for Thursday

No charts and quotes this time but a couple of academic papers to skim.  The first is on how to try and replicate private equity returns through factor based small caps: Leveraged Small Value Equities (and commentary by Wes here) The second is […]