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%...
zzZZzz Sentiment Update
Below from AAII, or as I like to call this, the Jay Cutler bull market...
Travel: SF Bay Area
I'll be in SF next week to speak at Authors@Google on Monday, drop me a line if you're around!
If You Used Valuation, You Would Be Out of Stocks Since 1993
Let's say you are a macro value investor, and let's say you particularly liked using the CAPE ratio. Well, one argument against CAPE is...
A Simple Calculation
I think many still do not appreciate the ins and outs of how companies distribute their cash flows. Our last post included a must...
