Risk Parity vs. Endowment Model vs. Permanent Portfolio
It has been over 5 years and 1,000 posts since I started writing, so I thought I would dig through the archives and touch...
Buffett vs. Protege (or, Shilling’s Revenge)
This story made news when Buffett and Protege made a 10-year bet over which investment would outperform: US stocks (S&P500, made by Buffett) or...
A Survey of the Online Money Management Space
Investors shouldn't pay much for buy and hold portfolios. Honestly they shouldn't pay anything on top of the 0.30% in fees one would pay...
13Fs: Does the 45-Day Delay Matter?
I've written dozens of posts here on the blog since '06 on the topic of 13F research (older post here for example). An analyst...
New Reads on the Way
In addition to the Hedge Fund Market Wizards book pre-ordered, I thought I would pass along a few more reads in the mail or pre-ordered, including...
Schwager’s New Hedge Market Wizards Book w/ Dalio, Thorp, Woodriff
Looks like Schwager is putting out a new version of his famous Market Wizards series. Personally I'd like to see a "where are they...
Lost in the Apple News
Every headline I see mentions Apple initiating a dividend. So, why don't you see any headlines mentioning that they plan on returning as much...
Bruce Berkowitz’s Revenge?
Lots of other stockpickers off to a strong start with some hedge fund long picks up well over 20% YTD (Appaloosa, Pabrai, ESL all...
Market Timing with Moving Averages
I have not read this white paper (from Oz) but a few readers have emailed it in so I thought I would pass along.
Market...
Enhanced Dividends, The Hunt for New Asset Classes, and Rose/Kahneman
There are very few asset classes that are truly non-correlated to a traditional portfolio. (There are active strategies but that is a bit different.)
I...
