December 9, 2017

A World of Pure Imagination

Fun little video from Grant Williams…don’t agree with all but love to listen to him anytime he talks… Chart and download —- —- Link LiveStream Website Get a Free Subscription! If you send me an email with a link […]
November 14, 2017


GMO on sector weights and influences on valuations… Figure and download —- —- Link FAANG SCHMANG Website Get a Free Subscription! If you send me an email with a link or attachment to a piece you think readers would […]
November 3, 2017

Replicating Anomalies

Two links from Wes and AA crew on replicating academic studies.  Fun to read though fair amount of debate on the topic as they note… Chart and download —- —- Link Want to Learn More About Factor Investing? Replicating Anomalies […]
November 1, 2017

Stock Bond Switch

Nice piece from RA on valuing stocks and bonds and switching.  May have to build this out in Excel and play around with it on my own…also included another piece of theirs on T bonds…reminds me old a David Rosenberg […]
October 24, 2017

PE…What’s the Point?

The case for PE has always been the persistence of the top quartile…well, that’s declining too. I for one don’t see why you don’t just buy a basket of small stocks sorted on EV/EBITDA…a nice liquid alternative! Chart and download: […]
October 11, 2017

Is the Dividend Trade Cracking?

Y’all know how I feel about high dividend yielders but a nice blog from AB… Chart then download: —- —- Links Is the Dividend Trade Cracking? Website
October 8, 2017

Warning: Lots of Content on the Way

As you know, sometimes we can go a week, even two with no Farm emails.  Other times, the emails will come in batches.  Next two weeks will be the latter…so be forewarned! Here’s a good chart pack from Yardeni with […]
September 28, 2017

Bonds for the Short Run

Ooof that doesn’t look good… Chart then download: —- —- Links Stocks for the Long Run Website
September 27, 2017


We haven’t featured Ineichen in awhile, but here’s a good piece from this summer. Chart then download: —- —- Links Peaks Website
August 18, 2017

The Rate of Return on Everything, 1870–2015

This is a good, if long white paper.  I’ve also included a summary article from the FT.  (Note: Housing is appreciation and rental income) …chart then download: —- —- Link The Rate of Return on Everything, 1870–2015? FT: Housing for […]
August 15, 2017

S&P 500: Just Say NO

More from GMO on US stock valuations…another good one! …chart then download: —- —- Link Just Say No Website
August 6, 2017

Why Are Stock Prices So High?

Great piece from GMO on emerging markets and US stock valuations…don’t miss this one! …chart then download: —- —- Link Q2 Letter Website
May 22, 2017


GMO on home bias, and valuations… Charts and download: —- —- Link to Download Home Bias Website
May 9, 2017

Sell in May? Oh Geez Don’t Bring That Up Again…

Fun little piece from Horizon, and I also included a Leuthold chart dating the to 1920s on the sell in May system with small caps… Charts and download: —- —- Link to Download 1st Quarter 2017 Commentary Website Homepage
May 2, 2017

Is High Mo Cheap?

Nice little 20 pager from Morgan Stanley.  This chart caught my eye in the current Arnott/Asness factor valuation and timing debates… Chart and download: —- —- Link to Download On the Markets Website