April 14, 2017

The Bond Tolls

Some thoughts from the GMO crew, none of which will be too surprising…but sobering thoughts to consider… Charts and download: —- —- Link to Download For Whom the Bond Tolls Website https://www.gmo.com/
March 27, 2017

Smoking Crack

Let’s just go straight to the quote and then download shall we? —- “If bond markets are smoking weed, then the stock market appears to be hooked on crack.” —- Link to Download Six Impossible Things Before Breakfast Website https://www.gmo.com
March 26, 2017

The Incredible Shrinkage

I auto-email anything by Mauboussin. Chart then download: —- —- Link to Download The Incredible Shrinking Universe of Stocks The Causes and Consequences of Fewer U.S. Equities Website http://www.credit-suisse.com
March 16, 2017

CAPE ratio and Target Date Decisions

Twofer from GMO. Chart then downloads: —- —- Link to Download The What-Why-When-How Guide to Owning Emerging Country Debt: 2017 Edition Target Date Decisions, Decisions…Getting the Biggest Bang for the Buck Website https://www.gmo.com/
February 12, 2017

Factors are not Commodities

This is from a new-ish writer and now blogger on the OSAM team.  He’s been cranking out some great research.  Below on thinking about factors… Chart then download: —- —- Downloads Factors are not Commodities Website http://www.osam.com/
February 8, 2017

Scary Charts

I’ve seen the first chart various places (NDR, etc) and it details the median price/sales for the S&P 500 members.  You can argue perhaps why it is this way, but you can’t argue that it is at an all time […]
January 29, 2017


Wes does a really nice summary of a white paper on stock distributions, along with a couple other great links from JPM and Longboard. Seriously, read all four.  Table then download —- —- Downloads TREASURY BILLS OUTPERFORM MOST STOCKS — […]
December 16, 2016

Predicted Returns

A very simple overview of an oft talked about concept – future stock returns. Video link, bonus white paper, and website: Link Video: The most important number you won’t find in the Wall Street Journal White Paper A Case Study […]
December 11, 2016

Soros the Trend Follower?

How did Soros, Buffett, and Lynch put together decades of great performance? AQR asks the question with some interesting answers… Chart and download: —- —- Link Alternative Thinking Website http://www.aqr.com
December 4, 2016

When a “Value” Company is Not a Value

New to this Chris Meredith guy, but he’s been cranking out some great research over at OSAM. Interesting discussion on why P/B may not be such a good value indicator anymore… Chart and download: —- —- Link When a “Value” […]
November 23, 2016


This might but a little too academic or wonky for many, but a fun skim for me… A table then download… —- —- Download Equity Risk Premium Website https://www.nbim.no/en/transparency/discussion-notes/2016/the-equity-risk-premium/
November 16, 2016

Down 80%

Back on Oct 14, 2013 we ran an issue of the Idea Farm where we featured a research piece by forensic accounting buddy John Del Vecchio. I asked him a simple question – “What is the worst stock you track?” […]
November 8, 2016

Hellish Choices

No, I’m not talking about the US election today, but rather the new piece from GMO! It’s good so don’t skip. Two charts then download… —- —- Download Hellish Choices Website https://www.gmo.com/
October 10, 2016


Fun quarterly piece from Crestmont on stock market cycles…they have a handful of other charts and publications on the website worth reviewing too. Chart then download: —- —- Download PDF Understanding Secular Stock Market Cycles Website Financial Market and Economic […]
September 19, 2016

Returns by Decade

Long piece from DB…lots of great tables at the end with historical returns, etc. Wowza DB one of the more bearish shops! Chart then download: —- —- Link to PDF: Long Term returns Website: https://www.db.com/