Meb Faber Research – Stock Market and Investing Blog

To all our friends on the east coast, please be safe! We sent out an issue of The Idea Farm that is related to catastrophe bonds, an area that has always fascinated me (Buffett and PIMCO are investors in these esoteric bonds.) Check out the issue here as we added a blog/archive at the request of subscribers. From the email, below are...

I could listen to these legendary investors debate all day... http://plus.cnbc.com/rssvideosearch/action/player/id/3000124549/code/cnbcplayershare and Jim Rogers and Marc (not my uncle) Faber http://plus.cnbc.com/rssvideosearch/action/player/id/3000120365/code/cnbcplayershare and one more from the good folks at Vulpes [youtube https://www.youtube.com/watch?v=6vqqHVUYXmc?feature=player_embedded&w=640&h=360]  

I mentioned this back in May, but my friend Tom writes about ETF NAV trading.  I see no reason why this NASDAQ proposal can't happen, and if it does, the floodgates are open and mutual funds will watch the outflow river become an outflow flood. The biggest hindrance to wide adoption is people feeling like they can't execute a trade...

We've been doing a lot of work on longer term valuation metrics, and finding some not so surprising results (buying value works, duh). Shiller has been cranking out some great indexes too, though for the life of me I cannot understand why Barclay's would launch them as ETNs. Anyways, here are the sector CAPE values as of last month....Shiller compares...

Man there are a lot of these springing up.  Maybe I should start entering our white papers instead of giving them all away for free... Here's a new $10k contest from PanAgora - will add to the list below, let me know if you win as we’ve had a number of blog readers win research prizes for white papers over...

I gave a talk in Seattle on Friday, and one of my slides is the Keynes quote "When the facts change I change my mind, what do you do sir?".  The quote is referring to people still holding onto the belief that selecting stocks based on dividends is the best way to form a portfolio.  Anyways, summary of a Q&A...

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 logjam of amazing content that has been coming out lately I thought I'd just post the links here and people can go from there. A few of out  our older posts here: US 10 Year Yielding 0.5% The...

I have had a great time chatting up the Butler & Philbrick crew lately, as they are putting out some of the best research on a consistent basis that I have seen anywhere.   For example, check out this great piece on The Permanent Portfolio Turns Japanese. (Their blog is GestaltU and website is here.) We were exploring some different options...

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 the option to pay to watch the videos. ---- I'm flying to Seattle (and perhaps a stop this weekend on the San Juan or Vancouver Island) for a talk at the MTA conference Friday.  Please say hello...

We have long written about closed end funds as one of the all time best examples of an inefficient market.  We extend this to the foreign listed hedge funds too, and some older posts here: Hedge Fund ETF Buying Hedge Funds at 50% Discount to NAV  Anyways, I really feel for the people who had advisors that allocated to the CEFs trading...