Sovereign High Yield
I was chatting the other day about forming portfolios by sorting country government 10-year bonds based on various metrics, and we took a look...
Sitting at the Poker Table
From Jay at MarketFolly:
Lastly, Dalio made an excellent analogy comparing investing to poker:
"The bets are zero sum. In order for you to beat me...
Twitter Links
More and more people seem to be joining Twitter these days. And while it is a (un)pleasant distraction for me, I often come across...
Market Outlook
I mentioned the other day that I would be updating the old QTAA paper this month along with expanding my quant research writing to...
Pay 2% and 20%, or $45?
A lot of "alpha" strategies can be deconstructed into simple rules based portfolios (that some call alternative beta). I'm not referring to the factor...
What % of Your Stocks Are American?
Below is a chart from the great JPMorgan Guide to the Markets from our last blog post. It details the US as a % of...
The Margin Debate
One of the more interesting debates regarding stock valuations is the state of profit margins. One one side you have Hussman and GMO lining...
Weekend Reads
A few new books in the mail for you to flip through while watching the Broncos game... :
This is a really interesting book for...
Top 100 Hedge Funds vs…..Themselves?
Bloomy has a new issue out with the "World's 100 Richest Hedge Funds". (Downloadable PDF here. Had I realized there was 2011 data I...
Father of Low Vol Investing
Billions have been pouring into low vol funds in the past few years. While this phenomena that "risk does not equal return" feels new...
