Author Archives: jcoumarianos
Fundamental (RAFI) Indexing is not investing; it’s randomizing errors. There’s no value component to it. Fascinating…..
Losing my Religion, Sam Lee, Morningstar Large-Caps Vs. Small-Caps, Avondale Asset Management Using Investment Checklists, Mariko Gordon Ingersoll-Rand Completes Allegion Spinoff, Stock Spinoffs
You betcha. Thanks to Mebane Faber for reproducing these two Leuthold charts.
A short one here. Gundlach indicates that he has to be cognizant of all asset classes to understand bonds. He also comments on Amazon, saying he’s “mystified” at its elevated price relative to its current earnings.
Go. Waste your money on some rubbish at the mall. But next time Black Friday comes on the markets, don’t forget to buy. –Brett Arends
Howard Marks writes that there is lots of complacency and risk-taking going on in the markets. Investors are accepting lower yields on bonds, lower cap rates on real estate, and worse covenants. Everyone’s paying a bit more to earn a … Continue reading
Lee concedes that low interest rates could mean stock prices are still reasonable. But if you don’t think interest rates will stay low, then the stock market doesn’t look so attractive with the Shiller PE at 25 (the long-term average … Continue reading
Fed Policy is hurting the economy by hurting savers.
Long Google and Amazon, short IBM. Hedge funds aren’t providing adequate returns. He quit Soros for buying technology stocks; he couldn’t stand to see them go up.