Meb Faber Research – Stock Market and Investing Blog

People email me every day asking how the timing model has held up during this market dump (short answer: great). The model is currently 100% in cash/bonds (more on that below). When I do a blog re-design I will include a tab with historical results and updates if enough people are interested (and I also plan on doing an...

While some of the most famous hedge funds are getting hammered (here and here and here), there are still some top investors presenting at the Value Investing Congress. If these managers liked their picks last week, they probably like them even more after the down day today. If you link tracking the top hedge funds, keep an eye...

A reader emailed in asking me if the timing model would work for housing. I actually wrote an article on a beta allocation to housing and/or hedging your home value about a year ago. There are a couple housing ETFs coming to market (UMM – MacroShares Major Metro Housing Up & DMM – MacroShares Major Metro Housing...

I'll be traveling for the next week - drop me a line if you would like to meet up. Also, if you're going to be at the Value Investing Congress in NYC let me know!San Francisco October 2-5NYC October 5-8

Well, the market took a huge dump today. If you are following my model you are 80% in cash/bonds, and by the end of the day tomorrow (unless commodities rip back up), you will be 100% in cash and bonds. I asked readers who utilize the model for their comments the other week in my "Yawn" post,...

I love Estrada's work. Here is a link to a recent paper in the Journal of Investing. ABSTRACTDo investors obtain their long-term returns smoothly and steadily over time, or is their long-term performance largely determined by the return of just a few outliers? How likely are investors to successfully predict the best days to be in and...

I was going to do a linkfest, but the KirkReport and Abnormal Returns do such a better job that you should just go there today (everyday).----Are you on the buyside? Check out the new site SumZero. ----An open letter to the US Congress from Hussman.----Ron Paul on the financial crisis.----I wish Themeforest had themes for Blogger. ....

was...Harvard: 8.6%Yale: 4.5%Pretty impressive considering stocks were down more than -10% over the same time period. Below is a table of the five main asset classes over the past year and their total returns. The buy and hold allocation is the same allocation mentioned in my paper, namely a 20% allocation to the same five asset classes....

I am marking the bottom in stocks here. My mom just called asking if she should sell some of her stocks - and she has nailed every bottom for as far back as I can remember.----A Dark Mood Among Hedge Funds - sounds like the perfect time to start one...----SEC may require hedge funds to disclose short positions...

That is likely your reaction to this market turmoil if you have been following my global tactical model. It is risk management at its simplest, and depending on your start date, your portfolio would be 80-100% in cash/bonds right now (with 20% in commodities). There is a little (ok, A LOT of) guilty pleasure watching the market dump while...