October 11, 2013
I’m always a sucker for chart books, and we’ve featured JPM’s Guide to the markets before. Here is their new quarterly update. Quick chart then the download: —- —- Download PDFs Guide to the Markets Website https://www.jpmorganfunds.com/
October 7, 2013
It’s hard to keep up with all the academic literature out there. I used to post summaries from AlphaLetters, some of the banks do research summaries, and CXO always does a good job. Below are two summaries from another source, […]
October 6, 2013
I saw an analysis a few months ago on rebalancing portfolios sorted on CAPE monthly, which really didn’t make a lot of sense to me. Many long term valuation metrics need a little time to work out. Brightman talks about […]
October 5, 2013
Below is our quarterly CAPE update with sectors and indexes… —- S&P 500 24 EAFE & EEM both 15 —- Website www.mebanefaber.com
October 1, 2013
Below is our quarterly CAPE update with the frontier markets included. —- Country Latest Greece 3.48 Ireland 6.45 Argentina 6.54 Russia 6.94 Italy 7.78 Jordan 7.86 Austria 8.92 Pakistan 9.39 Hungary 9.52 Spain 9.52 CzechRepublic 9.88 Israel 10.04 Lebanon 10.09 […]
September 29, 2013
A fun read from Grant’s to print out during Sunday football…I’ll be in NYC, Chicago, and Dallas next two weeks if anyone wants to meetup! Quick pic before the download: —- —- Link to the PDF Grant’s August 2013 Website […]
September 27, 2013
A fun guide on how to clone or index managed futures. Why pay for a Winton when you can do it all yourself? —- —- Link to the Article Demystifying Managed Futures Website http://pages.stern.nyu.edu/~lpederse/
September 26, 2013
One of Buffett’s favorite indicators is stock market cap to GDP. Below, Minerd looks at the indicator for global countries relative to their history. Not surprisingly, lots of cheap countries out there… —- —- Link to the Article MKT CAP […]
September 25, 2013
My buds Wes Gray and Jack Vogel just put out a killer new paper where they asked the above question. The simple answer is “yes it does”. The more interesting answer is 1) there are other cyclically adjusted measures that […]
September 23, 2013
Once a month I send out an email to readers that have not yet subscribed to The Idea Farm with a recent newsletter. Below is a recent piece from Waverly Advisors. More info on their shop below, but institutional investors and sophisticated […]
September 23, 2013
I read everything Research Affiliates puts out – and you know I can’t pass up something with a CAPE chart! Quick screenshot before the download: —- —- Link to the Article The Impact of Tapering Website http://www.researchaffiliates.com
September 21, 2013
Many of you saw my blog post on bond drawdowns back in July. If you didn’t, the summary is that bonds historically haven’t gone down much more than they have already. In the attached note, Scott Minerd looks at previous cycles […]
September 19, 2013
Lots of legendary investors follow spin-offs. Attached is a whopping 400 page research piece from Spin-Off Research, a research boutique focused on corporate spin-offs. It has been published since 1997, and subs are $24k aimed at the institutional set. A […]
September 16, 2013
I haven’t read much interesting in the newsletter space lately. A few readers also let me know I send out too many emails, so I’ve tried to dial it back a bit. However, there have been a slew of interesting […]
September 5, 2013
Do yourself a big favor and watch a this 30 minute video during halftime of the Broncos game tonite. It is from Rob Arnott at RAFI, and there are lots of important implications… Quick screenshot before the video: —- —- […]