May 15, 2014

Dividend and Buyback FAQ

Nice piece from Credit Suisse and Mauboussin on what companies do with their money. Quotes then downloads: —- -Corporate cash balances are building because Corporate America’s return on investment is high and its reinvestment rate is modest. The issue of disbursing cash […]
May 4, 2014

Where is Yield Curve Steepest?

Interestingly enough, a lot of the countries with steep yield curves are also some of the countries with the cheapest valuations.  A nice combo. Charts then downloads: —- —- Download PDFs A Classic Barometer Websites
May 1, 2014

Value Line MAP

It has been a little quiet lately but the good news is I have some great reads on the way, including one of my favorite newish newsletters below.  The Macro Trader looks at another valuation metric from Value Line and […]
April 14, 2014

Building a Better Global Macro Portfolio

It has been a little quiet on the email front as not a lot of interesting reads have crossed my desk lately.  This weekend, however, included two great reads so I though I would include them in one email.  First […]
April 2, 2014


Thanks to a reader for noticing the sector dates were incorrect.  Updated below. Also note that I excluded frontier markets in this update.  For some reason many of the series were not updated at our data vendor, and rather than […]
April 2, 2014

CAPE Updates

CAPE Updates, Sectors then Countries: Country Start Date Latest Date Latest Financials 3/31/93 3/31/13  10.69 Energy 3/31/93 3/31/13  15.04 Utilities 3/31/93 3/31/13  16.47 Telecom 3/31/93 3/31/13  18.68 Materials 3/31/93 3/31/13  18.93 Industrials 3/31/93 3/31/13  19.22 Healthcare 3/31/93 3/31/13  19.82 ConsStpls […]
March 9, 2014

Like Tiger Like Cub

Long time readers know I’ve always been a big fan of the Tiger complex (Julian, Cubs, and GrandCubs).  Novus has a fun piece out, a quick quote then the download: —- “Consider this: Based on our methodology, there are currently […]
March 4, 2014

Yale Endowment Update

I always look forward to the Yale Endowment Update.  Below is the updated allocation chart, followed by the download: —- —- Download PDF Endowment Update Link
February 27, 2014

A Favorite Combo

Combining two of my favorites – Montier and the CAPE ratio.  And I’m not just saying that since I have a chart in there! I’m excluding a figure due to internet issues… Download PDF CAPE Crusaders Link
February 25, 2014

Down on the Farm

TIAA-CREF and the University of Illinois teamed up for the Center for Farmland Research.  You can find lots of white papers on the site, including a fellow on the main page that looks shockingly like Walter White of Breaking Bad. […]
February 20, 2014

Nothing Burns Like the Cold

I look forward to reading Scott Minerd’s weekly Macro View.  The past two weeks he has touched on how the frigid cold in January has temporarily pushed down lots of econ data – and he expects this to be a […]
February 12, 2014

#1 Read of the Year

Publication has been slow, so thank you for your patience! The good news is there is a backlog of great reads coming, including my #1 favorite read every year in this issue. CSFB publishes the Global Investment Returns Yearbook each […]
January 28, 2014

Hartch, Cibelli, and Porter

We featured an issue of Value Investor Insight about a year ago on The Idea Farm.  For those unfamiliar, VII is a monthly publication (and the sister quarterly 13F publication SuperInvestor Insight) focusing on interviews with top value investors.  This […]
January 24, 2014


One of the reasons I started Hedge Fund Letters (currently getting redesigned) was that I loved reading old hedge fund letters and interviews.  But it has always been impossible to find many of the old letters. Below is a great […]
January 24, 2014

All on Vol

Jared has forgotten more about options than I have ever known.  Below he has graciously agreed to share a few issues of his paid newsletter Volatility Tracker with Idea Farm subs. Below is an excerpt of a few trade ideas before the […]