112 Year Holding Period Not Enough
This is a great chart from Patrick O'Shaughnessy on worst case returns for stocks. As you can see, the US had pretty good returns...
Hacking the Top Hedge Funds
Long time readers know that I've been publicly writing about tracking the top hedge funds through 13F filings since 2006 (but following them since...
“The S&P 500 is a trading system…
...and by the way, not a very good one" -David Harding, Winton (HT: @Covel)
Fun video below
Important News Reminder – GTAA ETF
Below is an email letter we sent to shareholders in June. While I strive to avoid discussing work related matters on social media such...
Buffet’s Favorite Indicator (for Japan)
Two fun charts below comparing mkt cap to GDP in the US and Japan. Interesting to see they have similar medians, as well as...
My Talk at Authors@Google
Fun (lonngggg) talk at Google if you have an hour to spare. This is sort of a nice audio companion to the book Global...
Railroad CAPE Ratios – In 1929?
This was a fun paper I sent to The Idea Farm a few weeks ago. A few tidbits:
Changing Times,Changing Values: A Historical Analysis of...
Valuation and Sentiment, You Say Potato…
I had not seen the website Street Talk Live before, but it has some nice charts. One was a long term chart of the...
This IS the Global Market Portfolio
Any deviations and you're an active investor...Rounded these numbers from this earlier piece.
40% stocks (20% US, 20% foreign)
20% Corporate Bonds
30% Government Bonds
5% Real Estate
2%...
