Meb Faber Research – Stock Market and Investing Blog

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...

-70%? Now that's what I call a drawdown----Picks from the Value Investing Congress West----I wonder how a tactical system using the timing model would perform on just high vol asset classes? Maybe the following?Nasdaq (QQQQ)Microcaps (PZI)Foreign Emerging (EEM)Foreign Small Cap (GWX)Junk bonds (HYG)Emerging Bonds (ESD)REITS (VNQ)Foreign REITS (RWX)Commodities (DBC)Commodities (GSG)Any other high risk ETFs that could be used?----Forbes...

I wonder if my email address being listed on the blog results in so many emails getting tossed into the spam folder?Once again, if you have emailed me recently and have not received a response, please fire it back over.

I don't really like responding to comments in the comment section because I feel like no one reads them. I am going to start including reader questions with answers at the end of some posts. At the end of this post is one related to my last rant on the hedge fund space.----I just signed up, and at...