Meb Faber Research – Stock Market and Investing Blog

Actually this is the year of the Dragon (2010 was the year of the Tiger).  I've been writing about 13F investing since this blog began 6! years ago, back when I had to compile all the 13F filings by hand in Excel (search the archives for 13F for lots of articles).  We also did a chapter on 13F investing...

If you read The Ivy Portfolio you would have seen a few sections on quant reversion strategies.   One strategy is to look for asset classes that were down both two and three years ago (1,2, and 3 years ago is even better).  The median return from our study after down years two and three years ago was 19% (vs...

The recent news out of SAC and Aletheia is a bit depressing.  I've unfortunately have had the experience of knowing a handful of people that have ended up in jail from illegal behavior in the securities business (including a new one I learned about just a few weeks ago).  It often surprises me to learn that otherwise incredibly decent...

This is a cool conference Mish is putting on in April in Sonoma featuring speakers Chanos, Hussman, Mauldin and others.  I'm hoping to attend, and it's for a great cause.  For those unfamilar with ALS, a wonderul read is Tuesdays with Morrie: An Old Man, a Young Man, and Life's Greatest Lesson... From John's blog last week: "Just a note –...

I've received a lot of great feedback on The Idea Farm.  So far I've sent out about 30 emails that have represented over $40,000 worth of research (including some research that is available to institutions only). If you've haven't been following it, take a look, there are about 2 emails per week and the blog is archived here.  (And to...

[youtube https://www.youtube.com/watch?v=3hbQa378UG0&w=560&h=315]

A few weeks ago we did a post that detailed the combination of the 4 year presidential cycle with the January effect in small caps.  (Older post here.)  The quick summary is that tax selling, window dressing, etc push down beaten down small caps, and if you buy a basket (or even the Rus 2k) mid Dec then by...

The headline is a joke of course (although did you know Forbes was once moving into the ETF space?), but from the results for their roundtable, they probably should!  My crazy uncle (not really) comes in at #2...I've always wondered why more conferences etc didn't track the results of their participants...now pundittracker does (although they exclude dividends for some...

In the Gundlach call today (PPT here), he referenced the returns to Japan and US equities over the past 10 years.  Japan has a total return of -9.15% while the US has had a return of 27.59% (both real returns after inflation). Here is the slide:   Why has Japan performed so poorly?  Simple - it was still working off the valuation...

I am speaking at the best ideas online conference in January (and I see my buddy Wes is too).  Will post a reminder in 2013, but presentation will be an expansion of our CAPE work. Lineup for now includes: Randall Abramson, Portfolio Manager, Trapeze Asset Management Arne Alsin, Lead Portfolio Manager, Alsin Capital Management Anthony Cambeiro, Portfolio Manager, Anthology Capital Eric DeLamarter, Managing Member,...