Meb Faber Research – Stock Market and Investing Blog

Blackrock has a new portal for financial professionals (not sure if it is open to the public). It reminds me of the Ibbotson offering (now Morningstar), but it is free. One cool feature is the ability to create custom periodic tables of investment returns. Here is their sample below:PS If anyone is using the Ibbotson DMS...

Listening to the noise and disinformation on Wall Street can be hazardous to your wealth. . .I always find the headlines on Yahoo Finance amusing. Today for example: "Wall Street Sinks on Retail Data". I'm glad they have it all figured out. I would love to see a headline one day "Market down due to...

Is the US Subprime Crisis Any Different? A historical comparison referenced in the Economist article Same As It Ever Was. (Thanks to reader DM for the link.)----100 Hedge Funds to watch.----Flying Five (Link to original post here.)Dogs of the Dow (Link to original post here.)Net Payout Yield (Link to original post here.)Dogs of the Dow is simply to top...

Performance of the hedge fund consensus and best ideas strategies were very strong in the first year out of sample - outperforming the equity indices by over 1000 bps on average. ----James Picerno is always interviewing interesting financial market professionals (ahem especially this one). Wealth Manager Mag has a good interview with First Quadrant's Max...

JPMorgan, Renaissance trail Hedge Fund Gains in 2007.- Big quant shops (Renaissance Technologies Corp. and JPMorgan & Chase Co) trailed hedge fund rivals in 2007. 7 of 10 largest hedge funds (6 of them are quant) lost to benchmark.- Stewart Massey, founding partner of Massey, Quick & Co., said that most of the failures are because of the large...

(?Please ignore any spelling mistakes on this post - I am on a Spanish keyboard and it is taking a looong time to figure out the correct keys¿)Many of these links were emailed in from readers - please, keep it up!----I don´t make any $ from blogging, and maybe it is because I have a small audience, but I...

I updated some tables with the new Yale 2007 endowment report. One could invest in a weighted portfolio of ETFs for less than 40 bps. Yale doesn't break out their real assets category, so I divided it evenly between real estate and commodities. Even though Swensen doesn't recommend commodities explicitly, the endowment does invest in oil and...

Volatility and correlation by Ineichen - longer post from AllAboutAlpha here.----2008 ETF wish listWith nearly 500 ETF/ETNs filed at the SEC, you would think the developers would have filled some of the major holes instead of copycat fund #20. Like a listed hedge fund, FOF, and some form of l/s commodity index. ----2007 Country Returns----With muni...

“Did you ever think that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else.” Lyndon B. JohnsonI have always believed the correlation of asset classes to be volatile. Coaker has a good series of papers examining the subject. For the...