CHAPTER 1 – A HISTORY OF STOCKS, BONDS, AND BILLS

This excerpt is from the book Global Asset Allocation now available on Amazon as an eBook.   If you promise to write a review, go here and I'll send you a free copy. It is also available as a printable PDF on Gumroad.  To celebrate the launch of the new book, my last two ebooks (Global Value and Shareholder...

INTRODUCTION

This excerpt is from the book Global Asset Allocation now available on Amazon as an eBook.   If you promise to write a review, go here and I'll send you a free copy. It is also available as a printable PDF on Gumroad.  To celebrate the launch of the new book, my last two ebooks (Global Value and Shareholder...

Global Asset Allocation – New Book!

So my new book is finally done!  Sorry that took longer than expected but sometimes life just intervenes.  Publication date is officially next Monday, March 2nd but you can go here and pre-order a copy of the eBook on Amazon here.  Starting Monday, to celebrate, I will also make my last two books on Amazon free to download for 5...

#1 Read of the Year

I sent this to The Idea Farm last week - this is always my #1 read of the year,  the CSFB Global Investment Returns Yearbook!  This is the annual update to my favorite investment book,Triumph of the Optimists.  Included this year is a near 100 year backtest on industry rotation based on value and momentum. First person to replicate their returns...

How to Hedge Your Business

Note: I'm holding a cover design contest for my new book out next week, feel free to enter! This is normally something I would send to The Idea Farm, but since we started the conversation here I wanted to follow up.  One of the best parts of writing is getting feedback.  I posted an article the other week on hedging the biggest...

Everything Old is New Again

Reading old investment books is somewhat of a hobby of mine (I know probably need a better hobby).  Glancing up on my bookshelf there are titles most have never heard of such as Once in Golconda, The Zurich Axioms, and Supermoney.  I was flipping through another book new to me that I found when thinking about titles for my new...

Why Don’t Asset Management Companies Hedge Their Biggest Risk?

I had a great time this week catching up with old and new friends at the annual ETF conference in Florida.  I think I've been to just about every one of the eight or so conferences they have had, and it has been interesting to watch the growth from a small venue to about 2,000 people.  We are certainly...

The Most (Not) Hated Bull Market

I look forward to reading Leuthold's Green Book every month and the most recent one was great. I asked permission to share the following study as I thought it was revealing.  They looked at sentiment levels as published by Investor's Intelligence - specifically they averaged all of the values for each year to get a yearly reading. Below is a...

The Agony and the Ecstasy of Being a Trendfollower

This one chart shows almost everything - the whipsaws & false breakouts, but also the monster gains.  The emotions are just as difficult for trendfollowers as they are for the buy and hold crowd, they are just at different times and for different reasons...  

Travel: Houston, Miami, Tucson, BC, Pittsburgh

A few upcoming events...come say hello! January 12th, Talk at FPA, Houston Jan 28th - Jan 28th, ETF Conference, Miami Feb 12th, Talk CFA Society, Tucson March 19-25, Vancouver (skiing) April 15th, Talk CFA Society, Pittsburgh May 16th, Talk Los Angeles AAII