A New $10k Paper Prize

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Man there are a lot of these springing up.  Maybe I should start entering our white papers instead of giving them all away for...

A Few Reads

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I gave a talk in Seattle on Friday, and one of my slides is the Keynes quote "When the facts change I change my...

When Bonds Go to 0% (Updated)

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Added a few links at the bottom. I was going to do a whole article on this for The Idea Farm, but there is a...

Global CAPE Strategies

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I have had a great time chatting up the Butler & Philbrick crew lately, as they are putting out some of the best research...

Behind the Numbers

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I don't understand why more conferences don't do this (record the speeches).  I couldn't goto Barry's Big Picture Conf but am estatic to have...

Jumping in the Closed End Fund Pool?

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We have long written about closed end funds as one of the all time best examples of an inefficient market.  We extend this to...

Why Are You Outperforming? Why Are You Underperforming?

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"In 97 clients were upset, in 98 they were mad and in 99 they were all gone. I lost 7 out of 10 clients...

Presented W/O Commentary

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From M* open end fund flows:

Why, oh Why

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...would anyone launch, or invest in an ETN?  Love the concept obviously, but it's never good when the risk section is longer than the...

Looking for Ideas

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Wow, another great conference.  This one in NYC in Oct...   Conferences AFG Research (Summer) Ira Sohn (Spring NYC, Summer SF) Value Investing Congress (Spring Omaha/LA, Fall NYC) Value Conferences (Online) Drobny (Macro) The Big...