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2012

I love the year end year in photos…The below lists are from one of my favorite blogs, Kottke:       2012: The Year in Photos from In Focus: Here’s part two. Best Photos of the Year 2012 from Reuters. The 45 Most Powerful Images of 2012 from Buzzfeed:  See…

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Travel

I am in Phoenix and Tucson this week, drop me a line if you want to say hello…

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Hercules! Hercules!

Excellent new white paper from Montier at GMO – The 13th Labour of Hercules: Capital Preservation in the Age of Financial Repression.  I got this late in the day and don’t want to goto the gym so I figured I would run some analysis on some of…

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Top 10 ETF Launches of 2012

Back in Feb I predicted that Gross’s new fund would raise $5b (and it didn’t so I had to buy Jake at EconomPic dinner and beers).  However, it was the most successful launch in 2012 and has garnered nearly $4b in assets.  (Out of 165…

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Stock Market Forecast = Marine Layer

Living in Los Angeles I’ve often woken up in the morning to see a big grey haze out everywhere (like today) that people affectionately refer to as the marine layer.  Eventually it usually “burns off” by the afternoon, sometimes by 10 am, sometimes 2pm, sometimes…

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The End of a Trend?

Investment styles go through cycles of performance.  I was chatting with a friend the other day about the relative underperformance of trendfollowing funds the past few years, and remarked that we’ll know we are near a bottom when some CTAs start going out of business.…

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Politics and Profit

This is a paper we put out back in 2010, and I think it is a really fun read.  It combines the January Effect in small caps with the four year Presidential Cycle. Feel free to play around with this on your own, all the…

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