Meb Faber Research – Stock Market and Investing Blog

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...

(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...

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,...

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...

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...

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...

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...      

Here is a large graphic of various ETFs for 2013.   

"Our best guess?  Gravity"  - Leuthold Group Here is my monthly roundup of good reads and notes from my Twitter feed @MebFaber    

This is a good post over from the Eudora Fund website looking at the distribution of value factors across time... Quotes from site: For readability’s sake, I’ve bolded the 5th and 95th percentile values, as well as the median, in each of the valuation distributions. Some interesting statistics from the above chart: The most expensive part of the market, i.e., the 95th percentile, is...