I look forward to reading Leuthold’s Green Book every month and the most recent one was great. I asked permission to share the following study as I thought it was revealing. They looked at sentiment levels as published by Investor’s Intelligence – specifically they averaged…
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This one chart shows almost everything – the whipsaws & false breakouts, but also the monster gains. The emotions are just as difficult for trendfollowers as they are for the buy and hold crowd, they are just at different times and for different reasons…
A few upcoming events…come say hello! January 12th, Talk at FPA, Houston Jan 28th – Jan 28th, ETF Conference, Miami Feb 12th, Talk CFA Society, Tucson March 19-25, Vancouver (skiing) April 15th, Talk CFA Society, Pittsburgh May 16th, Talk Los Angeles AAII
Vanguard, like many of the robo-offerings, markets the fee difference as a big reason to use their automated investment service. (Though as Kitces mentions, Vanguard isn’t quite a robo since they employ lots of CFPs.) They compare the difference between their fees (0.30%) and the…
I talk a lot about foreign stocks being cheaper than they are in the US. I’ve shown this on a CAPE basis before (and also in our book Global Value) where the US is the highest valuation (27) relative to foreign stocks (15) ever. Good…
I penned a short market outlook last year , and this year’s outlook is basically the same. It was correct on a few points (small cap underperformance, dividend stock underperformance), and incorrect on a few points (US stocks charged higher, foreign stocks lagged). We now have an…
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Note: Please read this old post before the below for background info. As I have detailed in the past, I think it is paramount for your money manager or advisor to have ‘skin in the game’. I am happy to be 100% transparent with my…
