Meb Faber Research – Stock Market and Investing Blog

I'm doing a webinar tomorrow from NYC, tune in and ask me some questions! Login here or here, 4PM ET,  8/13/09.

I love visiting NYC!  (PS Anyone have a favorite sushi joint here?  Blue Ribbon is right down the street so may try that.) A couple great articles in Barron's this week: Trouble in the Forest (Predicting big fall in timber prices.  I'd like to see a chart of a ratio of timber values per acre vs. lumber prices...anyone?) For Stocks, the Signs...

Lake Saranac this weekend, then New York City next week. Drop me a line if you are around in the city to meet up!  (Mon-Wed most likely.)

Anyone have anything else good for my redeye flight tonight? False Discoveries in Mutual Fund Performance: Measuring Luck in Estimated Alphas 75% of funds have zero alphas, 24% of the funds had negative alphas, and you can do the math on the rest. . . Abstract: This paper develops a simple technique that controls for “false discoveries,” or mutual...

Very cool new site powered by Pershing / Inautix...maybe we will implement something like this? Formula Investing website (and Greenblatt's very good book here). Here are backtested results for the model.  Would be interesting to use this system as your alpha generator, then hedge out the market risk when below a long term moving average? Dear Reader, Have no fear, the Magic Formula...

and not profitable! WisdomTree needs $2.4 B more to get to profitability...

I was thinking about doing an article on the top value funds, and creating an AlphaClone portfolio on them.  (Or maybe a follow up to Buffet's Graham and Doddsville speech.) Leave a comment with your 5 favorite/top value funds.  A short list is below and let me know if I left any off: Berkshire Hathaway BRK.B Ariel Appreciation CAAPX Barron Asset...

All you ever wanted to know about Seth Klarman and Baupost from HFL. Just curious, does anyone have yearly Baupost returns?

Are there any more consensus views right now than: -interest rates are going up, and -gold is going up ?

NYC August 10-13 Drop me a line if you want to get together.