John Maynard Keynes–The Original Warren Buffett
In the current era of aggressive fiscal stimulus and loose monetary policy following the financial crisis, John Maynard Keynes is often invoked as a forefather [...]
Investing “Gangnam Style”
Investor PSY-chology Surrounding 'Gangnam Style' Kim and Jung A version of the paper can be found here. Want a summary of academic papers with alpha? Check [...]
Speaking at Philadelphia Family Office Event (October 16th)
Next Wednesday (Oct 16th) I'll be talking about behavioral finance alongside a good friend of mine at Admire Capital--Armen Karamanian, Ph.D. The speaker list includes [...]
Flexible Asset Allocation Assessment
We mentioned an interesting piece by Keller and Putten (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2193735) . Here was our original take: https://alphaarchitect.com/2013/01/03/flexible-asset-allocation/ The strategy seemed worth a second look so my [...]
Weekly Post Recap for October 5, 2013
Here are the articles we've posted for the past week on TurnkeyAnalyst.com for the week ended Saturday, October 5th 2013. Article description and associated link: How does the [...]
Weekly Economic Calendar 10/7 to 10/11
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Goldman Sachs’ Warehouse Trade–Conspiracy Theory!
If you love a good Goldman Sachs conspiracy theory, we’ve got a candidate for you... Our story begins back in 2003, when the Fed allowed [...]
Mean Regression and the Value Anomaly
For many investors, it is an article of faith that value investing is the best approach to investing in public equities. Value investors, who are [...]
How does the Shiller P/E (“CAPE”) perform as a stock selection tool?
On the Performance of Cyclically Adjusted Valuation Measures Wesley Gray (me) and Jack Vogel A version of the paper can be found here, or http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2329948 Want a [...]
Weekly Economic Calendar 9/30 to 10/4
Upcoming economic events:
The Case for Systematic Decision-Making
?? Homo Economicus versus Homo Sapiens Dick Thaler and Cass Sustein in their NY TIMES bestseller, NUDGE, describe two people in the world: Econs and [...]
Book Review: “The Manual of Ideas,” by John Mihaljevic
The “Manual of Ideas” is a popular investing newsletter aimed at generating investment ideas by highlighting and discussing a handful of companies every month. Over [...]
US Auto Parts (PRTS) Activist Situation–for the stock pickers in the crowd
In my former life as a stock-picker I picked up a love for activist investing. Activist investing is a lot like being a capitalist freedom fighter--everyone [...]
The Nantucket Project–Let us know if you are around
David and I will be presenting alongside our friends at BattleFin at the 2013 Nantucket Project Conference from Thursday--Sunday. What is The Nantucket Project? In [...]
Identify your Size, Value, and Momentum Benchmark
Many readers are likely familiar with Ken French's data: http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html I'm not sure readers know about other data sources on the web. Case in point: [...]
OTC Stock Performance Study
Asset Pricing in the Dark: The Cross Section of OTC Stocks Andrew Ang, Assaf A. Shtauber, and Paul C. Tetlock A version of the paper [...]
Weekly Post Recap for September 21st
Here are the articles we've posted for the past week on TurnkeyAnalyst.com for the week ended Saturday, September 21th 2013. Article description and associated link: Models [...]
Weekly Economic Calendar 9/23-9/27
Upcoming Economic Events: Click to Englarge
QE Forever: Short Treasuries? But what about Japan?
QE forever certainly makes me think that I should put my entire net worth (all $5 dollars in my piggy bank) into gold bars. Q: [...]
Recommending the Trend: a Behavioral Basis for Momentum Strategies
As many investors know, Eugene Fama developed the efficient-market hypothesis (EMH) at the University of Chicago in the 60s, and it subsequently flourished across academia. [...]