People Run Out of the Store
Remember when everyone hated bonds six months ago?
Long term bonds have rallied about 10% since that post on bond drawdowns:
When Things Go On Sale,...
Useless Forecasts
Another great quote from Future Babble:
“The Commanding General is well aware the forecasts are no good. However, he needs them for planning purposes.”
- Kenneth...
Days of Summer
From the looks of these photos everyone seems to be having a much better summer than I am...
Brain Pickings
I've been doing my best to try and crank out of a few new papers this summer, slow going as usual. It doesn't help...
Real Money Funds Face a High Hurdle This Year
Funds that have a fiscal year ending June 30th are going to face a high return hurdle:
60/40: 18.33%
ENDW: 24.27%
(Equal weighted 5 asset classes: US...
Dividend Resources
What is your favorite book/paper/website/newsletter on dividends?
Trying to put some research together and wanted to cover all the bases before we tossed it up...
Regime Change
One of the most interesting areas of research to me is the analysis of how various macro environments affect asset class returns. We have...
Percent Accruals
Nice article on a slightly different way of measuring accruals.
Forbes article: Cash Doesn't Lie.
