Buying a Dollar for $0.90
Long term readers know I am a big fan of buying closed-end funds at discounts and selling them at parity. Closed-end funds are one of the least efficient areas of the market, and many can and do trade at very large discounts to their NAV. ETFconnect.com is a good resource here.It was with great interest when a...
Results of the 2nd Book Cover Design Contest
35 entries of varying quality. . .Worth1000 book cover design contest.
What Will the 21st Century Look Like?
The markets are closed and I am outta here for some fish tacos, some beach, some surf, and some bbqing. If you need some weekend reading, here goes...This post below reminds me of Question #2 from Fisher's book:"What can you fathom that others find unfathomable?"Really interesting piece on market history from GFD Guide to Total Returns. From...
LinkFest
Least surprising news item from today.----For the data junkies, a ton of Excel sheets with historical market returns over on Global Financial Data.----Interesting interview from the recent Futures magazine with John Williams from Shawdowstats.com:"Look at the CPI for example. In its most popular use following World War II, when it became a cost of living adjustment for auto...
Mean Reversion After Bad Months
Does your investment approach have you in the dark? Feel like having an advisor or portfolio manager is like the blind leading the blind? Maybe it is time to take control of your portfolio with a systematic approach.I have talked a lot about various strategies for systematic trendfollowing and mean reversion on World Beta. In "Time...
LinkFest
Do you know the only commodity market where futures trading is banned?
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Of the last 10 GMs hired in MLB, 6 have been age 40 or under.
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This book looks interesting, but 500 pages about booze? Drink: A Cultural History of Alcohol
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I could watch the TED talks all day. Chris Jordan: picturing excess.
http://static.videoegg.com/ted2/flash/loader.swf
The Dow Gets Mauled
Officially a bear market folks (in the Dow). Before you panic, it is worth taking a look at the historical data. A -20% decline happens every 3 or 4 years so it is not that unusual. The Dow ETF is DIA.Since 1900:There have been 31, now 32, declines of -20% or more in the Dow (it...
Commodities and Inflation
The stock markets are very close to bear territory (one more day like today and it will be an official bear market in the S&P 500). I love this Bev Doolittle painting so I had to repost it.Long time readers know I am a big fan of commodities. After today's dump in stocks (and run up in...
Book Cover Design Contest
Here are three designs from the first book cover design contest. I currently have another contest running on Worth1000 that you can view here. Please be honest with your opinions - leave a comment on what you like and don't like. If you don't like any, say so!http://s3.polldaddy.com/p/633842.js Which Cover Design is the Best? ...
Does This Signal a Top in Commodities?
Kind of like PowerShares launching their private equity ETFs, does the slew of new commodity ETFs signal a top? In my inbox today:iPath® Global Carbon (GRN) iPath® Dow Jones-AIG Softs Total Return Sub-Index (JJS) iPath® Dow Jones-AIG Precious Metals Total Return Sub-Index (JJP) iPath® Dow Jones-AIG Aluminum Total Return Sub-Index (JJU) iPath® Dow Jones-AIG Cocoa Total...
