Meb Faber Research – Stock Market and Investing Blog

Lone Pine must be happy with their large holding in Southwestern Energy - hitting new highs today. (SWN). ---- Quote of the day; "Anyone can hold the helm when the sea is calm" - Publilius Syrus, 1st C BC ---- Google unveils a new stock screener. ---- Baseball has started, and the Rockies are the Rodney Dangerfield of MLB. Also, Bill James answers...

I posted awhile back on the question of who spawned more impressive offspring, the Turtles of Eckhardt/Dennis or the Tiger Cubs of Julian Robertson? (I should have also added Commodities Corporation that includes offspring Ed Seykota, Michael Marcus, Paul Tudor Jones (Tudor), Bruce Kovner (Caxton), Louis Bacon (Moore Capital), Jack D. Schwager and Peter Brandt. Some of the...

"...these models do not fully capture what I believe has been, to date, only a peripheral addendum to... financial modelling - the innate human responses that result in swings between euphoria and fear that repeat themselves generation after generation with little evidence of a learning curve." - Alan GreenspanMaybe the manager should have read this book - When Genius...

The first version of my paper had a lot more statistics in it. (And a lot less readers. Something about talking about the third and fourth moments of a distribution just doesn't get people too excited. Mark Shore has a great paper here - Skewing Your Diversification.) The other day I posted about how the...

Harvard Hires Wellesley"In her most recent year at Wellesley, the $1.7 billion endowment posted a 22. 7 percent return through June 30, 2007. That figure was higher than the 21.3 percent average return for endowments with assets over $1 billion as measured by the National Association of College and University Business Officers. For that same period, Harvard posted a...

I should snicker, to sneeze, to smile, to stoop and kiss a grasshopper, and slobber in a coal bucket and see a son of a sea terrapin stick his head through the barbed wire fence backwards and cut off his tail in the slop barrel.Did the above not make any sense? How about this one:One a zog, two...

I posted awhile back on the attractiveness of gold stocks using a very simple indicator. The Hussman model looks like it is flashing green as well (more here):Not surprisingly, the combination of all of these is rare but extremely powerful. In the rare instances when 1) The rate of inflation has been higher than 6 months earlier, 2)...

I like the idea of aggregators, and considered building one with Bloggerator. The problem with the ones like RealClear Markets is that they are 1) poorly designed 2) have too much information/links 3) not edited with useful value added information.A much better model is any of the below sites:Abnormal ReturnsKottkeInstapunditValue Investing News (which actually shares revenue with the...

I think it would be interesting to see a list of traders that have lost the most money in their lifetime. This fellow would certainly make the list.When thinking about people who blow up from too much leverage, I am reminded of this great quote. I mean, have you ever heard anyone say in the morning, man...

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