Meb Faber Research – Stock Market and Investing Blog

I had a friend ask me the other day what the best book was for their son who was graduating high school and wanted to learn more about investing. I drew a blank. I used to say the WSJ Guides to Money and Finance but they seem outdated. Leave a comment with your favorite Investing 101...

(Hat Tip: Abnormal Returns) I tried to get the professors to change the title to "Why you Need AlphaClone" but no luck so far.  The bolding below is mine.  1 to 4% per Q = over 4 to 16% per annum in alpha if you know where to look.  The Tiger Cubs popularity clone is beating the market this year...

Well deserved for such a good site - congrats Chris! Article here.

I will be in NYC next week for meetings.  Let me know if you are around and want to meet up.

I mention this in my book, but next time someone tells you the market is efficient tell them to pull up a quote for the CUBA closed-end fund that is up 35% today (and already trading at a 30% premium as of the market close Friday). ---- "Is US Small Cap a Viable Alternative to US Private Equity?" (HT: LW) ---- A cool...

I'm in Salt Lake City today and tomorrow if anyone is around...

10 Principles for Black-Swan proofing the world.  I like #3 - shouldn't the government advisors be Dalio, Grantham, Taleb, Rogers, and Faber (Marc not Meb)? ---- Tragically the investment blogosphere has lost one of the best in Greg Newton.  A nice tribute from Felix Salmon. ---- The current median dividend yield for Dow 30 stocks is about 3.5% while the median net payout...

I have written about the topic of volatility clustering a number of times, and thought I would update the post here.   Many people trot out the highly misleading statistic about missing the best 10 days as a reason excuse for buy and hold investing.  It drives me crazy to the point I have considered writing a paper on the...

Currently writing a white paper on quantifying and backtesting Dow Theory.. stay tuned! Two recent books out on the subject: Dow Theory for the 21st Century - Schannep Dow Theory Unplugged - Dow, Russell et al

We are up about 25% from the lows.  In the 1930 bear there were five DJIA rallies of > 20%, including a 48% rally after the first big dump.  In Japan's big bear (which saw 80% declines from the 1989 peak) there were even bigger rallies - four rallies of greater than 50%. ---- Crayon Physics ---- Two points to be made here, both...