Meb Faber Research – Stock Market and Investing Blog

Whitebox folks awarding $25k to the top paper (HT: Tradestream).  Papers below: “Information Leakage Prior to Company Issued Guidance” – Financial Management; Anna Agapova and Jeff Madura “Dynamic Estimation of Volatility Risk Premia and Investor Risk Aversion from Option-Implied and Realized Volatilities” – Journal of Econometrics; Tim Bollerslev, Michael S. Gibson and Hao Zhou “The Implied Cost of Capital: A New Approach” – Journal of...

I'm on the plane to NYC (and reminding myself how much better Virgin is vs. any other airline) and reading a few new research pieces.  Email me any other good ones and I'll post: The Devil in HML Details - Asness (HT: BL) Hedge Fund Market Wizards - Schwager Historical Dividend Analysis Makes Us Bullish on Japan - Schwartz Over 24 interviews and counting with...

That was a quote from a famous market pundit in Feb 2010, who also described the trade as a "no-brainer".  Had you followed this guru's advice your no-brainer portfolio would be down 50%.  Not that I need to remind our readers to blindly follow pundit advice, but always good to remember bold calls are great for selling books and...

I often post links to Twitter that never make it to the blog, so I will repost this link as it is a great summary of the Berkshire meeting this past weekend.

I'm headed to NYC this weekend through next Thursday.  If anyone has a suggestion for a good happy hour spot on Monday and Tuesday for a small group let me know (casual, but room for people to drop in anytime). I'll be heading to see my buddy Tug in Magic/Bird as well as attend the Ira Sohn conference.  Lots of...

I don't see the reason so many people are clamoring to make ETFs less transparent (usually 99% of the people don't need to mask their trades).  In general people don't like transparency for two reasons - they are doing something they shouldn't be, or, they are revealing they are not doing anything significant and charging a lot for it. However,...

We post a lot of ideas that I think could very easily be multi-million dollar ideas for entrepreneurs with the right drive to execute them.  I spend most of my time and effort on ways to disrupt the hedge and mutual fund space, but we still have lots of ideas I think are worth pursuing.  Granted you may think...

Great to see another blog reader won the $10k research prize for the NAAIM Wagner Award for best white paper. Risk Premia Harvesting Through Momentum by Gary Antonacci Links to all the NAAIM entrants here as well. Now fingers crossed that someone wins the $100k AQR award as well! Also, good Forex paper I had not seen Beyond the Carry Trade.    

I got to stop in Omaha for my first Berkshire meeting this weekend.  Charlie Munger had a great quote about how following other successful investors was a good idea - if anyone caught it or has a link to it please pass it along as I must have been at the snack bar... I've also had a good time as...

I'll be at the Berkshire meeting this weekend as well as the Value Investing Congress.  Drop me a line if you are around to meetup! I will also be in Alabama May 24-28 and France the second week of June.  I'm open to a side trip or two while in Europe so likewise let me know if you'll be around...