Harvard Makes a Big Change

Harvard made a big change recently with their investment management team and process. I've commented on this a lot already so check out the links below...   How a Trump Or Clinton Win Will Impact Your Investments Should Harvard's Endowment be Managed by a Robot? Should a Robot be Managing CalPERs Portfolio? What Does Nevadas $35 billion fund manager do all day...nothing  

Cash Cows of the Dow

Long time readers know that I have been a shareholder yield advocate on the blog for almost a decade.  (We used to call it net payout yield back then, and we define it as the combination of dividends and net buyacks.) People are slow to change of course, but my hopes are that eventually you all come around to a...

Episode #36: “Listener Q&A”

Episode #36: “Listener Q&A” Guest: Episode #36 has no guest, but is co-hosted by Meb’s co-worker, Jeff Remsburg. Date Recorded: 1/10/16 Run-Time: 1:01:18 Topics:  We’re back with the first Q&A episode of 2017. We start by discussing the “Zero Budget Portfolio,” about which Meb wrote a recent blog post. The quick idea is that when considering your portfolio, you should start from scratch, or...

Dividend Stocks are the Worst

We've written three fun articles on the topic of dividends in the past few years. I'm not sure why we haven't seen more research here in the academic space, perhaps it is the hundreds of billions allocated to dividend strategies? What You Don’t Want To Hear About Dividend Stocks How Much Are Those Dividends Costing You? The Dividend Challenge The basic summary is that: ...

Episode #35: Jerry Parker, “To Me it Just Boiled Down to One Question… Will the Big Winners Pay for the Small Losses?”

Episode #35: “To Me it Just Boiled Down to One Question… Will the Big Winners Pay for the Small Losses?” Guest: Jerry Parker. Jerry is the Chairman and Chief Executive Officer of Chesapeake and Chesapeake Holding Company. He received a Bachelor of Science degree in Commerce, with an emphasis in Accounting from the University of Virginia in January 1980. Jerry...

The Zero Budget Portfolio

Happy 2017...You’re probably going to fail this year! Let me quickly add some context before I’m bombarded with venomous emails. According to StatisticBrain, only 8% of Americans are successful in achieving their New Year’s Resolution. That figure triples when describing people who “never succeed and fail on their resolution each year.” I would think the results are equally bad, or worse, when...

U-S-A, U-S-A!

Below is a fun little chart on investing trends. We outlined a simple valuation approach to stocks in our old book Global Value.  It simply picked a basket of the cheapest 25% of country stock markets as measured by long-term valuations, and rebalanced yearly.  Despite large historical performance, a global value approach only outperforms the S&P 500 in about 60%...