Meb Faber Research – Stock Market and Investing Blog

Traveling to San Francisco for a week starting Friday, drop me a line if you're around... ---- A nice list of bubble books, and I can say I'm actually pretty excited about this one coming out soon. ---- How to take a picture in space for $150. ---- Some defenders of the endowment model. ---- The perfect tortilla.

There has been a lot of coverage in the media on the Harvard and Yale endowment returns for 2009 (Bloomberg, WSJ, Barron's, NYTimes, Dealbook, CNBC, etc) In an earlier post I examined the performance of the endowments (estimated) versus some publicly traded asset classes, allocations, and tactical models.  Below I update the post with the final numbers, and then to...

Lots of these are non-investment related...and it took a little longer to post than normal.  The good news is the cast comes off soon and I can get back to writing some of those white papers. ---- Traveling to Dallas next week, drop me a line if you're around. ---- I really miss going to the drive-in - used to do it all...

Dallas September 13th - 16th Drop me a line if you are in Dallas and want to get together.

There is a ton of good information in this quarterly report (link to PDF here, or in full at the bottom of this post).  Goldman looks at 687 funds with $500 billion in long stock positions.  Similar to a lot of what we do on AlphaClone. They examine a few strategies that historically outperform the S&P500.  The first is a...

Interesting news.  The key here is how they plan on allocating the hedge fund and private equity portions.  You already know what I think regarding those! Bloomy article here: Pimco Plots Asset Strategy to Mimic Yale Without Cash Strain ---- Great read on AQR and their new momo funds.

(Posting will be a little lighter over the next few weeks as I have a broken hand.  Well, at least until I can get the Dragon dictation software installed.) Great interview with Bruce Berkowitz and Steve Forbes (HT: BA).  Fantastic discussion about holding a concentrated portfolio of stocks.  I thought I would spend a little time updating some of the...

I don't watch CNBC much, but was watching this AM over coffee at the house.  I keep hearing people state, "I'm waiting for a pullback", "This market is overbought"...reminds me of a little Jack Johnson for the wknd (below).  It seems when everyone is talking about a pullback there is more room to the upside, and only when everyone...

Boston August 26-27 Dallas September 13-16 San Francisco September 19-23 Chicago October 2-6 (tentative schedule) North Carolina October 8-12 Hit me up if you are around!

David Tepper is a beast!  His fund got long the financials at just the right time.  Following his top 10 stock holdings back to 2000 would have done 18% a year. Here is a 2006 article that recommends tracking Appaloosa, Lone Pine, Greenlight, Icahn, and ESL. Hey Barron's and Bary how bout a follow up? ---- Even though I haven't posted anything useful...