Meb Faber Research – Stock Market and Investing Blog

via Zero Hedge, all seven parts of Trader - The Documentary.  Highly recommended viewing. httpv://www.youtube.com/watch?v=ELiKV9Kqo84&feature=player_embedded httpv://www.youtube.com/watch?v=RarqLQ6d6RY httpv://www.youtube.com/watch?v=Gp7ZbNGYHTc httpv://www.youtube.com/watch?v=V8pWUOPaN0g httpv://www.youtube.com/watch?v=xmge7PE7I84 httpv://www.youtube.com/watch?v=jFOXDtHi8os httpv://www.youtube.com/watch?v=yIwHoOud01s

One more reason to like AlphaClone. . . Do Hot Hands Exist Among Hedge Fund Managers? RAVI JAGANNATHAN, ALEXEY MALAKHOV, and DMITRY NOVIKOV∗ Abstract In measuring performance persistence, we use hedge fund style benchmarks. This allows us to identify managers with valuable skills, and also to control for option-like features inherent in returns from hedge fund strategies. We take into account the possibility...

A couple years old, but great read! Seven Sins of Fund Management

Really enjoyed Fox's book The Myth of the Rational Market, and I'm going to add it to the Reading List.  Although I wish Fox would have mentioned Andrew Lo in the book and his AMH. ---- My first pass at the FAQ is finally up!  email more questions to mf@cambriainvestments.com with FAQ in the subject line. ---- My paper just passed 30,000 downloads. ...

In my last post I examined the performance of the endowments (estimated) versus some publicly traded asset classes, allocations, and tactical models.  Below I am going to expand a bit and see exactly what a difference this past year made. Every reporter has been all over the story including Barron’s , WSJ , Vanity Fair, and Bloomberg - although NONE...

For some reason StockCharts keeps breaking my link to make the timing updates public. I have contacted them no less than 20 times phone, email, and fax with no response. If it is accidental, fine. If they are doing it to require people to subscribe to see the charts that is really sh!tty. Are there any alternatives...

Both Barron's and the WSJ penned articles on the endowments sorry performance for 2009 (and neither mentioned my book - FAIL). Lots of readers have emailed in asking me to comment on the endowment performance, as well as to compare it to the timing model. Below are asset class returns for June 30th, 2008 to June 30th 2009 (ie the endowment...

I'm not sure why the timing updates link was broken, but it is now fixed. ---- A Complete Toolkit for Fighting Inflation ---- Cool new website for tracking hedge fund investor letters ---- Europe on the Brink ---- John Henry Staging a Comeback (PS nice timing Merrill) ---- Meet the Man Who Beats Buffett ----

I am doing a post that links to what I consider to be some of the top papers and books in modern finance over the past 100 years. Before I do, please leave a comment with your favorites or recommendations. Think Fama, M&M, Markowitz, Graham, etc...

Excerpt from AllAboutAlpha: Q4: Your “ABCs of Hedge Funds: Alphas, Betas, and Costs” has been a popular research paper on AllAboutAlpha.com. Have you updated it?  Have you changed your views? Peng Chen, Kevin Zhu, and I are in the midst of updating the results.  The preliminary results show that hedge fund alphas are still positive, although not as high...