Meb Faber Research – Stock Market and Investing Blog

If this new academic paper is true, I should be managing billions and shooting the lights out! (Although if wheat continues its trajectory towards the moon, I may just have to move this operation to our farm in Kansas.)ABSTRACTUsing a large sample of hedge fund manager characteristics, we provide one of the first comprehensive studies on the impact...

Besides having one of the best moustaches around, Mohamed El-Erian is one of the elite investment managers in American today. (I tried a moustache for a week and looked like a really creepy pedophile.) Which is why it is shocking that he has decided to abandon his post as the manager of Harvard University's $35bn endowment to...

It never occurred to me to publish any of my research (or write a blog). My paper that I published earlier this year, "A Quant Approach to TAA", was originally an afternoon spent trying to verify the results of some backtests at Merriman's FundAdvice website. In fact, I only completed the paper to finish the CMT designation...

An article in the recent Barron's - "Buyback vs. Payout" - takes on the topic by highlighting a new study by Douglas Skinner. The paper is "The Evolving Relation between Earnings, Dividends, and Stock Repurchases." Skinner states, "...there could come a time when dividends completely disappear". I doubt that, but I like the paper.A recent post...

Nothing to do this weekend? (I'm grasping the last days of Summer BBQ'ing all weekend.) Here is a boatload of academic papers to put you to sleep. (PS Here is a great BBQ sauce site. My favorite hot sauce is my hometown Texas Pete, and for breakfast the Costa Rican Lizano is hard to beat.) From...

Geronimo Funds, which aimed to bring absolute return funds to the masses, recently announced they are shutting all three of their mutual funds. The investment strategy of their multi-strategy fund was as follows:The Fund seeks to provide annual Absolute Returns by following an investment strategy designed to provide investment returns similar to the returns produced by a broad...

I was flipping through a copy of Alpha Magazine the other day, and there was a great article titled, "Back to Beta". It profiles a company in London, Frontier Capital Management, that has arrived at many of the same conclusions mentioned here on World Beta. You can goto their site to view a free presentation and download...

I have a small account of my own that I am going to track with a payout yield portfolio starting at the close today (background post here). The average net payout yield for the top five stocks is 10.78% vs. 5.67% average across all DOW stocks. Broken down into dividend yield it is 2.07% vs. 2.27% (all...

I can't believe Vegas only has my Denver Broncos winning 9 games this year. I sure hope Dr. Bob likes them more than the odds makers (but at least I'm not an Oakland or Detroit fan). Here is an article from the WSJ on his stat focused betting. He did 57% in the NFL last year...

Going to hit resistance at the 1996 high?Chart from futuresource.com