Meb Faber Research – Stock Market and Investing Blog

With fiscal year returns of 28%, it looks like Yale has the title of top endowment manager locked up.The Yale endowment recently reported their investment returns, and the spectacular 28% tops the impressive Harvard returns of 23%. They handily beat the S&P500 (20%) and foreign stocks (27%), and swells their AUM to $22.5 billion. It looks like...

I am a big fan of Ken Fisher (except for the weekly mailing I get from him - here is a good site with all the opt out emails/numbers). I enjoyed his last book "The Only Three Questions That Count". Honestly, do you know anyone else in America that argues that the US is under-debted? Wall...

There are some people that saw the whole subprime implosion coming. Paulson & Co. (AUM > $20Billion) is the New York-based hedge-fund manager that runs the Paulson Credit Opportunities Fund. Through July, the fund is up a staggering 303%. It is interesting to note that some foreign listed hedge fund of funds have exposure to Paulson....

I largely agree with Jim Rogers in the video from Bloomberg, and this article from John Hussman. In other news, my roommate is Canadian, and he will be buying happy hour today. Canadian Dollar hits parity:

I have written a great deal in the past about foreign listed hedge funds. As far as private equity vehicles go, there are only a few. I don't like PSP, and IPRV.L (fact sheet here) is traded in London (IPRV is the ETF Barclays launched based on the S&P Private Equity Index).It is interesting to note that...

Home of the "Figure-4 Process"?This website is simply amazing.From the website:Tired of getting the runaround and turndown from all the big lenders?Now with Ric Flair Finance will do all the work for you.Just complete a simple application and in seconds Ric Flair Finance will connect you to a lender who is right for your financial situation.We Compete, so you...

Brad Zigler has a great article over on SeekingAlpha on the S&P Case/Shiller housing futures - "Does Hedging Make You A Chicken?". (For more info on housing futures, check out the MacroMarkets site and the S&P Case/Shiller site.)The most interesting chart from the Merc website is the correlation table below which basically shows that housing is negatively correlated...

Sounds like a Harry Potter title doesn't it? ORB actually stands for "Opening Range Breakout", and is part of the title for an out of print book by Tony Crabel - "Day Trading With Short Term Price Patterns and Opening Range Breakout". This book can be had for the bargain price of $500 on Amazon.com. Here is...

Homebuilders are down almost 70% from their highs. Time to buy, or would you be simply catching a falling knife?Below is a chart of the Dow Jones Home Construction Index, currently the worst performing industry YTD at -50%. It is down roughly 67% from the high. If it continues along the lines of the NASAQ decline...

Is it time for the Old Guard to disappear into the sunset?I blogged in July about the news Rentech was planning on moving into the managed futures space in a big way. Talk about good timing - since that time many of the largest futures funds have been hemorrhaging money.Two of the oldest and most famous managed futures...