Meb Faber Research – Stock Market and Investing Blog

I bet Warren Buffett is cracking one open this weekend. BUD at all-time highs. (From Stockcharts)Also got a new book on the way: Smarter Investing in Any Economy: The Definitive Guide to Relative Strength Investing by Mike Carr.

Nice day for hedge fund favorite QCOM, up 4%.----Brevan Howard announces €1bn LSE float for a fixed income/global macro fund.Once again, not in the US. In related news, an ETF provider in the US filed to launch the Intellidump Micro Retail Dividend Weighted 4X Leveraged ETF.----Wait, so Red Rocks Captital is the advisor to the PowerShares Private Equtiy...

Consumer sentiment is the worst since I was (almost) 3 years old.----Young and small hedge funds perform better - I like the sounds of that!----Look at all that pork! From Carpe Diem:Imagine if Michigan's struggling Big Three automakers suddenly struck this deal with Congress: The U.S. government would buy the Motor City's cars for roughly twice the world...

Microsoft is unveiling their "cash-back for search" offering (which is where you get anywhere from 2% - 30% for buying something that popped up from your search). Why stop there? Why not pay x% of clicks when the user searches and clicks on an ad?----Larry Kochard has a great Market Wizards style book that interviews endowment managers...

Looks like another great quarter for the hedge fund tracking strategies. My previous observation that the funds exhibit similar downside volatility and much higher upside volatility looks like the right take away from this Q. Historical testing showed a FOF approach outperforms by about 6-12% a year, and out-of-sample results in 2007 (roughly 10% outperformance) and 2008...

My all time favorite YouTube to take you into the weekend (Spike Jones: Lakai- Fully Flared Intro) - I'll be enjoying myself in the surprisingly warm city by the Bay at the Oyster and Beer Festival. Have a great weekend![youtube https://www.youtube.com/watch?v=vHX8jezNBTk&hl=en&w=425&h=355]

I downloaded a few of the sample PDFs at 13D research, and Kiril Sokoloff puts out some pretty interesting pieces.----What's the point of indexing hedge fund beta? Isn't that the part you DON'T want?----Munger at Harvard----Back in March of 07 I wrote that I would likely see some follow on managed futures funds, and the pricing would come...

I will be in SF Friday - Tuesday if anyone wants to meet up.----The 13fs are rolling in and I will be updating the Hedge Fund Best Ideas and Consensus strategies this weekend. Are there any funds readers would like to see backtested? Maverick, Blue Ridge, Appaloosa, King Street, Baupost?----I can't read enough about evolutionary biology, and...

My paper just passed 10,000 downloads, which places it in the top 30ish downloads of all time (out of about 160,000), and near the top 10-15 finance papers. Seeing as 7 of the top 10 in finance are authored by Fama, French, or Jensen, that's some pretty good company.I have received emails from people all over the world...

I am a big fan of David Einhorn (haven't yet had the chance to read his book), so I was glad to see the videos Barry posted on his site. Einhorn has a website here for his new book as well. ----From an article at HedgeWeek on the foreign listed funds:Why this sudden explosion of IPOs? One reason is...