Meb Faber Research – Stock Market and Investing Blog

A nice review from CXO on a paper from the folks at Robeco.  While I disagree with their expected risk premium for commodities (zero!), it is interesting to note that commodities still enjoy a decent allocation to the portfolio.  Strategic Asset Allocation: Determining the Optimal Portfolio with Ten Asset Classes Abstract:      This study explores which asset...

Besides tax harvesting (selling holdings at losses and switching to a similar index fund), why not move into a fund with big negative capital gains exposure?  From Morningstar: Today, most stock funds in the Morningstar 500 have negative potential capital gains exposure of between 10% and 50%, but there are some good ones with even more. The highest of all...

Is there anyone out there doing good work on the listed alternatives space?  Would you be interested in a newsletter discussing the listed alternative space?  ]   Below is a table of some funds - any ones in particular I am leaving out?  

Does anyone have the HSBC article "The Triumph of the Pessimists"?  Summary from the FT. ---- The first Ivy Book review is up from CXO.  If you have checked the book out and have enjoyed the blog over the past couple years - leave an Amazon review! For those who have the book make sure to check out the book website - ...

Nice way to track the 10-SMA over on Market Rewind.  

Stocks outperform bonds in the long run.  Well, in the 1800s that was the realllly long run.  70 years long run. Article from the FT (via Random Roger).  

It sounds like a few people received their copies of The Ivy Portfolio today!  If you liked the book (or if you hated it),  let me know what you think and please leave a review on Amazon.  Long time blog readers will be familiar with a lot of the material, but hopefully you will find some value in the book.  More...

HT: KP O'Neil Interview  

Required reading: "A Template for What is Going On" A sign of the times - on the way from Amazon: The Great Crash of 1929 Essays on the Great Depression      

Check out Academic Earth - great site! (HT: RT & SD) Swensen lecture here. Shiller lectures here. Redleaf (Whitebox) lecture here. Schwarzman (Blackstone) lecture here.