Meb Faber Research – Stock Market and Investing Blog

I created a Google Custom Search Gadget and added it to the World Beta toolbar. It searches only the top 50 investment blogs. Let me know what you think (and if I should add some more blogs). You can also find the search site here where you can customize the gadget or add it to your...

Just added The Capital Spectator to the Blogroll. Picerno has a great article on the global capital markets portfolio - and so far no ETF shop has gotten it right (they usually exclude commodities and REITs). My estimates for the global market portfolio are (comment if you have links or better numbers):(I consider the real estate portion...

So far it doesn't look like there have been any studies that divide factor research into bull/bear or trend periods. If there are any readers that use Factset (especially in SoCal)and would like to collaborate, let me know.----I posted back in November a simple stock screen and the top picks it returned. Since that time they have...

Investing in farm stocks all over the world.----A very cool Magnetic Movie.----For Ray Kurzweil, the Future is Now. Did you know he runs a hedge fund?----The dreaded Black Swan formation just showed up on the S&P. I'm not going to even comment on Taleb's new diet.----Bill Miller is now underperforming the S&P over a 10-year period.----I am...

Here is a nice table from Prudential that shows the benefits of a good asset allocation. The second page has a statistic that shows the performance of the same allocation I use in my paper (20% each in US Stocks, Foreign Stocks, Bonds, REITs, and Commodities). 83% of the years since 1973 are above inflation, and 89%...

You know you've made it as a blogger when someone gets to your site by searching "how to blow something up" (currently 5th ranked search query on Google for that phrase). The only weirder search was "Bill Gross's moustache".----Heebner is on fire.----Who knew something as cool as the Hybrid Tech 220+ MPG Supercar would come from Mooresville, NC?----Nice...

Charles Kirkpatrick has been publishing his market newsletter for decades. His simple factor based stock-screener has been beating the pants off the market for a long time. Here is a paper he published in 2001 "Stock Selection – A Test of Relative Stock Values Reported Over 17-1/2 Years". He has continued to refine and simplify his...

The Intelligent Portfolio: Practical Wisdom on Personal Investing from Financial Engines by Bill SharpeHedge Funds: An Analytic Perspective and The Heretics of Finance: Conversations with the Leading Practitioners of Technical Analysisby Andrew LoHere is a FANTASTIC speech by Lo at the MTA meeting in New York. Highly recommended.Lots of white papers and info on Lo's AlphaSimplex page....

Occasionally I take a look at the US listed alternative funds. Below is their performance year to date. With equities down around 4%, many of the alternatives have put in good performances. Standouts include Diamond L/S (DIAMX) and Dreman Value (DHG, still trading at a -13% discount) in the long/short category, and TFS Market Neutral (TFXMX)...

Do markets rebound after really bad months?Back in January I examined some of the worst months on record for 5 main asset classes in a piece titled, "Time to put money to work". The summary:What are the key take-aways?- It does not pay to buy an asset class after a really bad month for the following 1 month.-...