Meb Faber Research – Stock Market and Investing Blog

For once I agree with Goldstein. I mean, I was driving around LA this morning and passed a billboard with a huge ticker for a pink sheets gold mining company. . .And buying a hedge fund is somehow more risky? Pffftttt. One Enron is still bigger than all the hedge fund fraud combined.This issue hits close to...

Buy and hold got you feeling a little queasy lately? That can (case) of Duff may only help you forget the market for a little while. By following the simple timing model I published last year, you would be pleasantly watching this stock market dump with a 60% cash / 20% bonds / 20% commodities allocation. ...

Feeling a little contrarian today? Seth Klarman is, and he is buying some beaten down SLM with a full third of his portfolio. . .The 13Fs are arriving and below I update the two tracking portfolios.(For background on this approach, check out Show Me Your Hand - Betting on the Smart Money.)Below is a table of updated performance...

With politicians getting involved, it is no wonder people are scared of hedge funds. From AllAboutAlpha:Politicians are - quite rightly - sensitive to “headline risk”. One such politician is New Mexico’s Teresa Zanetti. She tabled a bill in the state legislature at the end of January that would ban hedge fund investment by the $15 billion...

Feel like the Big Bear is hiding somewhere? If you're the Nasdaq, he is only 1% away. . .(Painting is "Doubled Back" by Bev Doolittle. If you don't see the bear, click on the picture to open it in another window.)While domestic and foreign stocks have been getting hit hard in 2007, bonds (relatively) and commodities have been...

Happy Birthday Darwin! Or, did T-Rex have a penis?----Evolutionary bio part 2. The Merry Band of Wrigglers.----This business would go under the first weekend in the US.----Jaeger on alternative beta.----A mildly unsafe for work interview (remembrance) with Helmut Newton.----Swensen on keeping it simple. Long time readers know that I am a big fan of his work, but...

Can something as simple as tracking a commodity give predictive insight into what commodity stocks are going to do? Below I outline an example of the possibilities behind this type of analysis. This line of analysis was originally developed by Jay Kaeppel and published in Stocks and Commodities magazine in July 1993 (Prospecting with Gold Mutual Funds)....

Think that big acquisition and borrowing a bunch of dough was a good idea? Sometimes your good intentions can work against you. . .(PS A little Will Ferrell V-Day humor here - if anyone can find the video clip please let me know. . .) Here is a link to a great new paper scheduled for publication later in...

Travel abroad between 1996 and 2006? If you used a credit card, you are due at least a $25 refund according to a recent settlement. And if you're the St. Tropez jetting, Ritz staying, Portillo skiing type (or international biz type), then you're likely owed a lot more. Check out the CCF Settlement page for more...

Wheat to the moon. The Agriculture ETF (DBA) not doing so shabby either. (Charts from futuresource and BigCharts, respectively.)