Meb Faber Research – Stock Market and Investing Blog

Cool new website with a review of my old timing model: Extradash Click to enlarge

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It has long been ingrained in our psyche that dividend stocks outperform.  There our countless books on the subject, including one by yours truly.  And while we think using shareholder yield is a brilliant way to invest, there is no doubt that paying taxes on dividends every quarter is sub-optimal.  So, here's my thinking Dividend stocks have historically outperformed the...

My Dad and I used to talk a lot about his childhood, as he grew up on a farm with no money.  He used to say "Christmas was a new pair of blue jeans every year".  But he also used to say that even without any real monetary wealth, he was still happy.  He could still play baseball, still...

Now that Bloomy has opened an LA bureau with a comparable snack bar to that of HQ in NYC, I will happily join and chat markets anytime! //cdn.gotraffic.net/projector/latest/bplayer.js    

I got pitched (spammed) some marketing materials from a tactical bond RIA a few months ago.  They claimed 9+% returns, no down years, and a sub 5% drawdown.  Audited over 25 years!  Oops, I forgot, also a 1.3 Sharpe Ratio.  And all of this is net of a 2% management fee.  Is that possible?  Yes.  Is it probable? Absolutely...

There is ample research that shows that sorting government bonds on yield works great.  The outperformance has been very consistent over the years at about 2% a year.  The Dimson, Marsh, Staunton crew examined this in their 2012 GIRY issue, and graphic is below.  These are returns from going long high yielding and short low yielding countries, but one...

Personal Capital has a cool report called "The Real Cost of Fees" demonstrating just how much people lose to fees over a lifetime (it's staggering). Assuming a $1 million portfolio - growing at 7% over 30 years - you would have paid Merrill Lynch $1.4 MILLION DOLLARS.  (This includes management and underlying fund fees, some of which would be Merrill products...

First, congrats to all my friends at Business Insider.  They have come a looong way, and awesome to hear of the well deserved payday.   This is an update of an old post where I looked at some valuations of various media properties to see what they "could" be worth. The last time I updated it BI was "only" worth...