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New Podcast

...I did a little chat with Michael Covel yesterday. The first two minutes are poor quality (my fault due to headphones) but the rest sounds fine (ignoring my montone of course). Download it for free on iTunes here. In somewhat related news here is Taleb talking about his new book Antifragile.  ...

Macro Pessimism, Micro Optimism

...e embedded in the heel for wandering Alzheimer’s patients. Miso Media: The company’s Plectrum app uses note-recognition software to teach iPhone and iPad users how to play the guitar, ukulele, bass, banjo or mandolin. Jam on a real instrument or tap the screen of an iOS device. Senseg: Patented haptic technology creates “feel screens” that enable users to feel textures, contours and edges on their touchscreen devices. Bikn: To ensure that nothing...

Million Dollar Idea (Tax Harvesting)

...education aka a Rosetta Stone for investing 101 (could do it with a lot of online free courses too), a newsletter focused purely on publicly available alternative funds since no one understands them, and certainly a new business model for theStreet.com. (Although for the life of me I can’t find the link to this old post it seems to have vanished – anyone?) Here is another one for you. Was considering doing this with a friend a few years ago, but l...

AlphaJuice Monthly

...ansmit information, always looking for ideas!...

A Survey of the Online Money Management Space

...is massive in favor of that being the case. We have a great research piece coming up on the topic here soon. There is an enormous amount of VC money chasing financial startups, and there has long been a disconnect here for some reason. Anyways, below is a summary of the buy and hold advice world. I left out the really high fee advisors where the fee is variable by advisor since it is hard to make generalizations there other than that it is a dying...

13Fs: Does the 45-Day Delay Matter?

...in tracking these top hedge fund manager stock picks? Below we do a quick test, and note it is not comprehensive. There are inherent biases no matter how you chop up the data (how many funds to include, long/short only or entire universe, include dead funds, regress the returns based on turnover and AUM? etc etc) but we look at 20 funds we have been following for years on the blog. We compare reblancing on the 13F filing date to rebalancing a por...

Value and Momentum VAMO

...Quick test, nothing too exciting but agrees with most research. Simply ranked 13 top world equity markets by a value composite (average of ranks for Earnings Yield, FCF Yield, Dividend Yield, and Book Yield) as well as 12-Month returns. Yearly rebal. Gonna add CAPE next....

Lifestyle Companies

...a nice discount. FoundersCard members get a free $50 credit and 15% off Hotel Tonight bookings. Any other cool sites or apps I’m missing? Updated with a few readers sent in: GrubHub: Online food ordering. Seamless: Online group food ordering. AutoSlash: Books you with cheapest car and automatically rebooks if fares go down....

Guide to the Markets

...Following on the heels of the awesome GIRY download a few posts back, here is a very cool PPT from JPMorgan: Guide to the Markets, 1Q 2012, Market Insights Download here. Highly recommended....

Updated: How to Pick Mutual Funds: The Netflix Prize for Improving Morningstar’s Star...

...ated: “The star rating is a grade on past performance. It’s an achievement test, not an aptitude test…We never claim that they predict the future.” Morningstar, quite impressively, actually disclosed a few months ago that simply using expense ratios was a better metric for predicting future performance that their star ratings. “Investors should make expense ratios a primary test in fund selection,” Russel Kinnel, director of mutual fund research a...