August 19, 2013

Iron Man

I haven’t featured a piece from one of my favorite newsletter writers in awhile, and here’s two.  If you don’t read Jared Dillian of The Daily Dirtnap, you should! Quick excerpt before the downloads: —- ” It started when I was […]
August 16, 2013

REAL Real Returns

This is an excellent piece by Thornburg, and it reminds me of Mladina’s piece on triple net returns. Quick chart before the download. —- —- Download PDFs Real Real Returns Website http://www.thornburginvestments.com
August 14, 2013

Risk Parity and Rising Rates

Salient runs some risk parity portfolios, and even calculate some indexes for those that want some historical data.  Many are concerned that risk parity will suffer more in a 1970s style market (May and June were particularly brutal). Below is a white […]
August 12, 2013

The Challenges of China’s Rise

Apologies for not sending much summertime reading, but I was on the trail doing three talks, a podcast, and a webinar.  The good news is I spent a lot of time reading on the airplanes, and found some interesting pieces […]
August 2, 2013

Newfound Research

Many of you are already familiar with the crew from Newfound, mainly due to their work with f-squared and the Virtus funds.  I attached a few of their white papers, but it is worth going to their website and taking […]
July 30, 2013

What Happens After Expected Inflation Drops?

Good piece from John West of Research Affiliates on what happens to inflation exposed assets after a big drop in inflation expectations… Here is a chart before the download: —- —- Download PDF 3-D Shoppers Website http://www.researchaffiliates.com/
July 27, 2013

The Foie Gras Bubble

James Montier is one of my must reads, and he had a phrase in this piece that stood out – “the foie gras bubble”.  He was referring to investors being “force fed higher risk assets at low prices.”  Unfortunately I […]
July 25, 2013

The Business of Money Management

This piece is more about the business of money management than an investment idea.  So if that doesn’t interest you, then you may want to skip this one. Here is a quote before the download: —- “This report is designed […]
July 23, 2013

Guide to the Markets

JP Morgan puts out one of my favorite chartbooks every quarter in their “Guide to the Markets”. Here are a few pics from their 70 page PPT before the download: —- —- Download PDF Guide to the Markets 3Q 2013 […]
July 19, 2013

Better Indexing

I was considering doing this post as an entire book, but I have too many other articles in front of it.  The basic thesis is that there are a lot of simple, small improvements one can make to a market […]
July 17, 2013

Interviews with Intelligent Investors

Many of you know Miguel Barbosa as the author behind the Simolean Sense blog.  He is relentless in posting interesting links to reading material as well as videos, etc.  He is also the creator of the new website The Atlas of Public Stocks that is sort […]
July 16, 2013

Earnings Above Trend….Is that Good?

Our friends at Sitka Pacific Capital Management have launched a strategy and research initiative.  It focuses on many of the topics we enjoy reading about, including market cycles, fundamental trends, valuations, and macroeconomic issues, among other things. It is a paid […]
July 13, 2013

Sector CAPE Updates

The emails have been a little light (they usually are when I’m traveling), but some good research should be coming your way in the coming weeks. Sector CAPE updates below as of Q end:
July 3, 2013

Stopped. Then What?

One problem many investors have with stop losses is what to do after they have sold their position.  ie when do they get back in? Below is an academic paper on the topic that examines various ways of getting out, […]
July 1, 2013

CAPE Updates

Quarterly CAPE updates below: