My #1 Read of the Year

I sent this read out last week to the Idea Farm list, and since it is a free download as well as my favorite read of the year I'm including it here.  CSFB publishes the Global Investment Returns Yearbook each year, and it is a gem.  It is their yearly update to my favorite investing book, Triumph of the Optimists.Even...

My Investing Mentor

This is one of my favorite pictures of Dad and I, having breakfast on the shores of Lago Atitlan in Guatemala.   I have always loved New Years Resolutions.  That doesn't mean I have always been able to keep them of course, but the idea of optimism, renewal and committing oneself to self improvement has always appealed to me. Previous years...

What Does Siegel’s NIPA P/E Say About the Stock Market?

I had a great time at the ETF.com (formerly IndexU) conference in Florida the other day.  The highlight for me was getting to see Jeremy Siegel speak.  He is a brilliant researcher and well deserves the title of the "Wizard of Wharton".  Especially wonderful was he focused his talk on one of my favorite metrics - the Shiller CAPE...

Market Outlook 2014

(This was going to be a longer piece but I'd touch on the highlights below.) Let’s jump right in – how did broad asset classes perform in 2013? Short answer - a monster year for US stocks, bad for bonds and commodities.  Foreign equity markets and real estate were mixed.  Below is a representative table of 20 basic ETFs across...

9% Alpha with Munger and Van Gogh

I've done this post every year since Ivy Portfolio came out (you can see last years longer post here).  I'll let you read the old ones if you want, but needless to say it was another banner year for 13F tracking.  The average fund that we published in our book beat the S&P by 12 percentage points.  (HT AlphaClone,...

Crowdsourced Research

I am holding a cover design contest for my next book, and you can vote here if you want to take a peak. As usual the one I like the most is running in last place!  But then again I profess no taste or marketing eye. I then saw a tweet where an individual build a google docs sheet to...

MebFaber.com

To make everyone's life a little easier, I shortened the domain a few letters.  It will redirect but you may also want to update your links...

Everyone Hates Emerging

I've done a ton of posts on home country bias (people allocating more to stocks in their own country).  Most US investors place 80% in the US, when the US is only ~50% of global market cap and about 20% of global GDP.  Interesting to note, that of their public equity exposure, Harvard and Yale only allocate 1/3 to...

CAPE Returns for 2013

Did CAPE work in 2013?  Below are end of 2012 updates, new CAPE values mailed to Idea Farm today...Also below is a chart of average and median CAPE values across 55 markets over time...      

ETF Returns for 2013

Here is a large graphic of various ETFs for 2013.