Making Adjustments (ie What if 2008 Never Happened?)
One of the things that makes me really queasy as a portfolio manager is when people make "adjustments" to historical price data. The classic...
Important News – Freed Again
It has only taken a few weeks but I am very happy to announce that enough people have subscribed to The Idea Farm that...
Sharks Circling
Interesting news tonite that Third Point is launching a Greek Hedge Fund to capitalize on opportunities in the beaten down stock market there. Other...
Travel: NYC and Philly
I'm on the plane to NYC to sit in on the Barron's ETF Roundtable, and should have a little free time in both cities....
Asset Price Trend
Asset Price Trend Theory
Abstract: Traditional portfolio optimization models implicitly or explicitly specify placement of capital as rather irrevocably and fully at risk through investment horizon(s)...
Investing In High Dividend Years
A few Idea Farms ago we looked at a WisdomTree research piece by Schwartz that sorted emerging markets into high and low dividend years....
Sector Valuations: One Buy, One Bubble?
Below I updated the sector CAPE valuations....there is a pretty wide range - one sector is at 10 and another at a near all...
Valuations Across All Stock Markets since 1979
The difficulty I have with a lot of indicators is just that, they are difficult. If I can't understand what the chart is saying...
CAPE Updates
Below are updates to the CAPE values from our paper Global Value: Building Trading Models with the 10 Year CAPE.
Damodaran on Valuations
Longish piece from Damodaran...
and nice graphic of buybacks and dividends...
