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Upcoming Speeches

...11111 Santa Monica Blvd. Suite 210 Los Angeles, CA 90025 http://www.irvinecompanyoffice.com/view/west-los-angeles-1/west-los-angeles-4/westwood-gateway-94 Parking: There is quite a bit of free or metered street parking; garage parking is also available for a fee. Contact Number: (626) 676-0655     Agenda 3:30-4:15: Networking and Beverages   4:15-6:30: “A Systematic Approach to Country Allocation for Equities”, (document attached) Mr. Ruben Falk...

Important News Reminder – GTAA ETF

...ld ETF (SYLD), the Cambria Foreign Shareholder Yield ETF (FYLD), and the Cambria Global Value ETF (GVAL). You can find more information on Cambria at www.cambriafunds.com. Please feel free to email us with any questions.    ...

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 peaks and troughs. From VectorGrader: (You can also find more info at the World Bank..Would be fun to test the historical performance for developed and emerging mkts based on this indicator. Not sure how well it would do across the two since emerging likely has much less of economy as public stocks?)   and US  ...

The WealthFront and Betterment Allocations

...since some asset classes didn’t exist back to the 1970s. I was too lazy to download midcap value so I lumped that in with small value. Since emerging bonds haven’t been around that long, those are lumped in with foreign treasuries. TIPs is a synthetic series pre 1997. I went through both Betterment and Wealthfront, and below were their allocations for each level of risk for my personality. As you can see, pretty darn similar allocations with a few...

Books in the Mail (or Pre-Ordered)

...The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers – Horowitz Letters of Note: An Eclectic Collection of Correspondence Deserving of a Wider Audience – Usher The Tragedy of the European Union: Disintegration or Revival? – Soros Succession Planning for Financial Advisors – Grau Stress Test: Reflections on Financial Crises – Geithner...

Travel: Boston Paris London NYC

...I will be in Boston Monday and Tuesday for the IMCA conference: http://www.imca.org/conferences/imca-annual-conference Then off to Paris and giving a talk in London: https://secure.cfauk.org/events/events-details/index.html?article=MjE0MQ== Then a few days in Europe (undecided where just yet, any suggestions?) then in NYC May 19-22…come say hello!...

How to Start an ETF

...//etfdb.com/issuers/ You can find the list of advisors by AUM here: http://www.etf.com/sections/etf-league-tables/21817-etf-league-table-as-of-april-15-2014.html Becoming a sponsor is time consuming and costly. Expect 12-16 months, and (mostly legal) expenditures of $200-300,000. However, once you have the exemption you can take ETFs to market in approximately three months if the strategy is plain vanilla, or six to infinity months if not. I expec...

Free Books

...le don’t get obsessed with taking notes. So, for the next five days my eBooks are free on Amazon – so download away and let me know what you think! PS If you don’t have a Kindle/iPad you can download the Kindle software onto your CPU. Also, it looks best in color – old Kindle users are reporting it is hard to read…enjoy! LINK TO DOWNLOAD HERE.  ...

New Book is Out!

...and as always, please leave a review on Amazon! Here is the book homepage www.globalvaluebook.com , and below is a short description of the content. Summary blurb: Investment bubbles and speculative manias have existed for as long as humans have been involved in markets. Is it possible for investors to identify emerging bubbles and then profit from their inflation? Likewise, can investors avoid the bursting of these bubbles, and the extreme volat...

My #1 Read of the Year

...e. 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 better, all of the archives are included in the link and I highly recommend you download and read all of them.   Quick charts before the download:     Download PDF GIRY 2014 Website to download previous years https://www.credit-suisse.com/us/en/news-and-expertise/research/credi...