The Market is Already at All Time Highs
I'm on the Amtrak Surfliner heading down to San Diego to give a talk on Shareholder Yield at the TD Ameritrade conference. I...
Mutual Funds & TA
Head and Shoulders Above the Rest? The Performance of Institutional Portfolio Managers Who Use Technical Analysis - Smith, Faugere, and Wang
Abstract:
This study takes a...
Travel & Slides
I'll be heading to San Diego Wed-Fri for the TD Ameritrade conference to give a talk on our Shareholder Yield ideas. I'm then...
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...
