April 17, 2015

Carry and Trend

Carry and trend piece from PIMCO.  Chart then download: —- —- Download PDF Carry and Trend Website www.pimco.com/
November 21, 2014

Bond Risk

Short piece from Ineichen.  Quick read with a couple good charts on stocks vs. bonds.  While stocks are more risky by vol, bonds can slowly bleed to death in inflationary times… Chart then link: —- —- PDF MYTH: Time reduces risk […]
October 21, 2014

Trendfollowing in Rising Rates?

I sat on a panel with Vineer at a conference and found him to be quite intelligent in our wide ranging discussion.  Below is a fun new paper from PIMCO on trendfollowing(!) in various interest rate environments. Below is a […]
May 31, 2014

P 2 P

I think the P2P space is fascinating.  Other than a $50 play account I have on Lending Club I don’t have any involvement.  Here is a brochure-y piece that has a few nice charts embedded. Chart then downloads: —- —- […]
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 http://www.rba-llc.com/
December 15, 2013

US Inflation and the Returns in Global Stock and Bond Markets

Dimensional Funds is known for their work in multifactor stock strategies.  Below is a simple piece examining long term returns and inflation. Table then download: —- —- Download PDF here: US Inflation and Returns Website: www.dimensional.com
September 21, 2013

Rising Interest Rates Must End Soon

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 […]
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
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 […]
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.) […]
May 21, 2013

The Time for the Money

Japan seems to be on everyone’s minds these days.  If you’ve ever seen Mark Yusko speak you know he is very dynamic, and often squeezes in a ton of slides into a very short time period.  Below is a 33 […]
May 5, 2013

In the Mood for Loans

What a great lead in:  “The Keys to Discovering Five New Asset Classes”. 120 pages so straight to it… —- “In this report, we look at five markets through which investors can lend directly to the economy, each corresponding to a […]
April 17, 2013

Fundy Improvement

Janiczek had a nice piece out last week that had a telling table.  It shows how much the S&P has improved on a number of fundamental metrics, but hasn’t budged much since 1999 on a price basis.  Just goes to […]
April 2, 2013

A Special Issue

One of the biggest benefits of subscribing to The Idea Farm is getting access to some institutional research that is impossible to access elsewhere.  Andrew Garthwaite is one of my must reads, and below is his 65 page Global Equity […]