August 27, 2014
First housekeeping – thanks for all the responses to my request for suggestions to The Idea Farm. In general, people love the service, prefer more emails to less, and like the idea of hedge fund profiles. I’ve hired a great […]
August 21, 2014
This is a nicely done piece by John Hancock. Fun to flip through all the charts The chart then download: —- —- Download PDFs Market Intelligence Website http://www.jhinvestments.com/
August 11, 2014
What a wonderful piece on capital allocation. 71 pages – read it all. The chart then downloads: —- —- Download PDFs Capital Allocation Website www.credit-suisse.com
August 8, 2014
My buddy Wes Gray showed that long term valuation metrics work great, especially in reducing turnover. Here is the CAPE for all S&P 500 stocks from caperatio.com A few of the cheap stocks then the download: —- —- Download PDFs Cape […]
August 7, 2014
Now for something a little different – here is a pitch deck from a private ETF issuer (mine!) that is doing a crowdfunding equity raise round. Obviously I think ETFs, and active ETFs, are a game changer that is just […]
August 3, 2014
Fun little twist on risk parity ideas. The chart then downloads: —- —- Download PDFs Sharpe Parity Website http://ubs.com/ via http://dailyalts.com/
July 31, 2014
Joachim Klement has an update to some of his papers, and while he has some different takes on CAPE and value, he had one chart that I loved on CAPEs and future drawdowns. Not surprisingly, the more you pay for […]
July 28, 2014
Summertime reading has been a little slow, but here is a fun question: Name the asset class: 17% return/yr past 10 yrs No down years Ours trades at 35 PE I’ll spoil this with the answer (farmland). There are not […]
July 13, 2014
I sat down with my friend Peter Mladina the other day over some beers at a local pub. And along various conversations about the art of winemaking (his) and brewing beer (my first time, came out not bad), we chatted […]
July 10, 2014
Sector then country CAPE updates below. Archives updating later this week, I’m down on the farm in Kansas. Sorry for the delays – general EAFE and EEM are still both right at 15, with frontier slightly cheaper at 14.5…cheapest 25% […]
July 1, 2014
Anytime you see a model that forecasts S&P 500 at 670 by 2023, you know I’m going to take it for a read! Unfortunately, trying to read this paper on the exercise bike means I’m going to have to eventually […]
June 22, 2014
In the spirit of the World Cup, one more piece – this time from Alexander Ineichen. Some fun charts and tables in the piece! Chart then download: —- —- Download PDF Economic World Cup Websites http://www.ineichen-rm.com/
June 20, 2014
A friend passed along the name of this local research shop that I was not familiar with. This is an interesting paper on volatility, no hot stock picks but a few memorable quotes and passages…including something that keeps the asset […]
June 17, 2014
I think I sent this PPT out last year, but the white paper is now out from Shiller on sector rotation using valuation. Chart then download: —- —- Download PDF Changing Times,Changing Values: A Historical Analysis of Sectors within the […]
June 16, 2014
There are a lot of these pieces from the various banks on the World Cup floating around – I particularly liked this one as it takes a quant approach to picking the winner. Sadly, the US isn’t expected to make […]