In our extended podcast, Meb explains how his investing approach has developed over time, from when he was a biotech analyst to becoming a Quant “lite.” He describes how ETFs are developed and marketed, and we also discuss his quantitative approach to tactical asset allocation.
Meb’s recent books include The Ivy Portfolio, and Shareholder Yield: A Better Approach to Dividend Investing, and most recently, Global Value: How to Spot Bubbles, Avoid Market Crashes, and Earn Big Returns in the Stock Market.
During our rambling conversation, we touch upon behavioral economics and the misbehavior of investors, trend following, valuations, hedge funds/emerging managers, and lastly, how mathematics impacts investing.
Next week, we speak with Charlie Ellis, author of The Losers Game, and Chairman of the Yale Endowment Fund.
Spring has Sprung! Before you go out to enjoy that delightful warmer weather, pour yourself a hot mug of Major Dickason’s Blend, and enjoy these longer form weekend reads: • Disney’s $1 Billion Bet on a Magical Wristband (Wired) • A Sucker Is Optimized Every Minute (NY Times) • Funds Run by Robots Now Account for $400 Billion (Bloomberg) • Inside…Read More
Category: Financial Press
Benchmark Revisions Paint a Brighter Picture of (Most of) the Regional Economy Jason Bram and James Orr Liberty Street Economics, March 20, 2015 Every March, the Bureau of Labor Statistics releases benchmark revisions of state and local payroll employment for the preceding two years. While employment data are released monthly for all 50…Read More
Last week we saw Sarah McLachlan setlist Kings Theatre, Brooklyn; the show was as a delightful as she is.
A few snaps from the show and the setlist are below, but be sure to check out the pictures of the newly renovated 1929 Kings theater after the jump — its spectacular.
Succinct Summations for the week ending March 20th: Positives: 1. The S&P 500 had its first positive week since mid-February 2. The UK FTSE crossed 7,000 for the first time ever 3. Building permits rose 3% vs an expected rise of 0.5%. 4. The Fed removed “patient” and US stocks rose 1.2% 5. The S&P…Read More
When discussing bull and bear markets, it sometimes helps to think of them as coming in two distinct flavors: Short-term cyclical markets and long-term secular ones. Knowing one from the other isn’t always easy. A number of veteran market observers such as Raymond James’s Jeffrey Saut, technician Ralph Acampora, strategist Laszlo Birinyi and market historians…Read More
Good Friday morning. That week went by quickly. Finish it up with our hand curated morning train reads: • The Hierarchy of Alpha (CIO) • Housel: What’s Wrong With Finance (Fool) • American companies are running out of places to stash their insane pile of cash (Quartz) • Letter From Berlin: Why Are the Germans So Hellbent on Austerity? (The Nation) see also How likely…Read More
Category: Financial Press