September 9, 2014

Capitalism Distribution

This is a really great study.  Well worth your time. Although it is really strange they never reference Longboard’s study from a few years ago, “The Capitalism Distribution“. Charts then download: —- —- Download PDF Agony and Ecstasy  Website
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
August 11, 2014

Capital Allocation

What a wonderful piece on capital allocation.  71 pages – read it all. The chart then downloads: —- —- Download PDFs Capital Allocation Website
July 28, 2014

17% per annum

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 […]
June 17, 2014

Value Based Sector Rotation

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 […]
May 25, 2014

Take a Vacation

I look forward to Leuthold’s Green Book every month.  This month they had a chart that reflected a similar study we published years ago on combining the presidential cycle and the 6 month cycle. The next six months starting in […]
May 19, 2014

The Beginning of the End

(Note: Attached the white papers from the last Farm email…not sure why I can’t figure out SSRN) This piece is more on the business of asset management rather than an investment idea, but I think it’s great.  I had to […]
January 19, 2014

Real Money Updates

I like reading the updates from the real money institutions – foundations, endowments, pension funds and the like.  aiCIO is a great website that covers the space.  The best part – it is all free.  Below are links for the […]
August 22, 2013

Around the World

I thought I traveled a lot, but after sitting down with Mark Yusko last week in Raleigh and hearing about his whirlwind schedule, I feel like a homebody in comparison. Below is the Morgan Creek Q2 2013 Market Review and […]
August 22, 2013

Around the World (Correct Link)

Corrected Link (But last year’s review is worth a look too!) Q2 2013 Market Review and Outlook Website Homepage
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
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
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 […]
June 10, 2013

Buffett’s Playbook

Charles Sizemore is another one of the participants in the InvestorPlace contest I joined for 2013.  (And depending on what is happening on any given day, my pick will be in first or last place due to the extreme volatility.) […]