Meb Faber Research – Stock Market and Investing Blog

I love the year end year in photos...The below lists are from one of my favorite blogs, Kottke:       2012: The Year in Photos from In Focus: Here's part two. Best Photos of the Year 2012 from Reuters. The 45 Most Powerful Images of 2012 from Buzzfeed:  See also The Best Animal Photos of 2012. Pictures of the Year 2012 from AFP (Agence France-Presse). 2012: The year in pictures from CNN. Year in Photos...

This is a nice new website I had not seen before, Lipper Insight:

I am in Phoenix and Tucson this week, drop me a line if you want to say hello...

Excellent new white paper from Montier at GMO - The 13th Labour of Hercules: Capital Preservation in the Age of Financial Repression.  I got this late in the day and don't want to goto the gym so I figured I would run some analysis on some of the ideas... It touches on a number of topics (namely negative real rates) but most...

Back in Feb I predicted that Gross's new fund would raise $5b (and it didn't so I had to buy Jake at EconomPic dinner and beers).  However, it was the most successful launch in 2012 and has garnered nearly $4b in assets.  (Out of 165 launches and 95 closures.) The rest of the class?  Almost all bond funds.  Lots more...

Living in Los Angeles I've often woken up in the morning to see a big grey haze out everywhere (like today) that people affectionately refer to as the marine layer.  Eventually it usually "burns off" by the afternoon, sometimes by 10 am, sometimes 2pm, sometimes not at all. That pattern reminds me a bit of where we are with stock...

Investment styles go through cycles of performance.  I was chatting with a friend the other day about the relative underperformance of trendfollowing funds the past few years, and remarked that we'll know we are near a bottom when some CTAs start going out of business.  I was bummed to see the news the other day that John Henry's funds...

This is a paper we put out back in 2010, and I think it is a really fun read.  It combines the January Effect in small caps with the four year Presidential Cycle. Feel free to play around with this on your own, all the data is free over on French Fama. Politics and Profit (PDF) Below is a chart of all months...

Great blog from Thompson called Alpha Now.  They do a feature called the month in charts, a few highlights below...      

Courtesy AAII