Meb Faber Research – Stock Market and Investing Blog

I am still shocked no one has stepped up and offered a number of solutions for managed futures packaged as ETFs.  I get that CTAs are loathe to give up their 2 and 20 fees, but CTAs (like many hedge strategies) can be distilled into a few rules based systems.  While Sperandeo's indexes (now S&P's in forms like LSC...

Great read from Rob at Research Affiliates in the recent issue of Fundamentals: "If we finish 2011 with 3% core inflation, 4–5% total inflation, and 3% three-year total inflation, the Fed’s ammunition will be tapped out. If the Fed runs the printing presses in the face of 6–10% true inflation, we are flirting with hyperinflation."    

Read a couple fun reads on the plane, both focusing on investing anomalies (one quant equity, one all trading). Both fun reads! The Handbook of Equity Market Anomalies: Translating Market Inefficiencies into Effective Investment Strategies and Beyond the Random Walk: A Guide to Stock Market Anomalies and Low-Risk Investing 

I was going to construct all three of these for say G-7 and maybe G-20 (with both combos and individually by country), but before I do is there a resource that updates them already? I know Hussman and Fisher talk about them a bit, and maybe they are on Bloomy but I have yet to be able to find them...

Interesting interview with Raj out of Newsweek today.  Back when I was really starting to look into 13F data mining I always would poll hedgie friends where they would most like to have their money and Galleon would always come up.  Oddly, it was always one of the very worst to clone (to which I just attributed, incorrectly,  that...

  Nice chat on the machines and the d-process with Charlie Rose, and lots more links and reading on Hedge Fund Letters:   http://www.charlierose.com/view/content/11957  

(One of the benefits of being in freezing Berlin for the week is that I am getting a lot of writing done.  Just finished a paper on investing in stocks and hopefully it will be out soon.  What a beautiful city this is (as was Paris), and looking forward to some great food, beer, and meetings this week.) I like...

From the Financial Times:  "Assessing the performance of funds of hedge funds", B. Dewaele, H.Pirotte, N. Tuchschmid and E. Wallerstein: "Applying the FD procedure to the first model, we find that, after fees, the majority of FoHFs do not channel alpha from single-manager hedge funds. Applying the FD procedure to the second model, we find that only a very small...

I read this article on the plane en route to London.  PIMCO has been hinting at their recent work in the demographics space and I hope we see more here...

I don't pretend to have the same preferences as my audience, and that is why I often ask questions and poll the readership.  If you  remember back to 2008 I had a design contest for the book cover and let users pick the winner and eventual cover.  Much to my surprise, the cover I like received about 5% of...