Money and Finance
William Cohan catches up with Jamie Dimon [H/T Will] (LINK)
Dan Harris on Charlie Rose discussing his book, 10% Happier (video) (LINK)
Philosophical Economics - Introducing the Total Return EPS Index: A New Tool for Analyzing Fundamental Equity Market Trends (LINK)
Art scandal threatens to expose mass fraud in global art market [H/T Matt] (LINK)
Benedict Evans: What the Apple watch is, and isn't (LINK)
Learning From a Lagging Mutual Fund: The once-highflying Hussman Strategic Growth Fund weathered the crisis but missed the rally (LINK)
Hussman Weekly Market Comment: Extremes in Every Pendulum (LINK)
- Links
The first time Buffett, Osborne and 18 others were mentioned in The World-Herald [H/T Linc] (LINK) StarTalk Live! Podcast: Evolution with Richard Dawkins and Bill Nye (Part 2) (LINK) [Related books, with The Ancestor's Tale added from last time, HERE....
- Links
I had previously missed this, but Richard Koo's latest book came out a few weeks ago: The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy Fortune: Inside Elon Musk's $1.4 billion score (LINK) Amazon...
- Links
Q&A with Guy Spier about his book, The Education of a Value Investor (LINK) Buffett’s Private Analysis of Geico in 1976: ‘Extraordinary’ But ‘Mismanaged’ [H/T Lincoln] (LINK) Aswath Damodaran on corporate break-ups, using EBay and PayPal...
- Hussman Weekly Market Comment: We Learn From History That We Do Not Learn From History
Link to: We Learn From History That We Do Not Learn From History “We learn from history that we do not learn from history.” Georg Wilhelm Friedrich Hegel Last week, Investors Intelligence reported that bullish sentiment surged...
- Hussman Weekly Market Comment: The Truth Does Not Change According To Our Ability To Stomach It
Our estimate of prospective 10-year nominal S&P 500 total returns has eroded to just 2.3%, suggesting that equities are likely to underperform even the relatively low returns available on 10-year Treasury bonds in the coming decade. Those estimates...
Money and Finance
Links
William Cohan catches up with Jamie Dimon [H/T Will] (LINK)
Dan Harris on Charlie Rose discussing his book, 10% Happier (video) (LINK)
Philosophical Economics - Introducing the Total Return EPS Index: A New Tool for Analyzing Fundamental Equity Market Trends (LINK)
Art scandal threatens to expose mass fraud in global art market [H/T Matt] (LINK)
Benedict Evans: What the Apple watch is, and isn't (LINK)
Learning From a Lagging Mutual Fund: The once-highflying Hussman Strategic Growth Fund weathered the crisis but missed the rally (LINK)
Hussman Weekly Market Comment: Extremes in Every Pendulum (LINK)
Whether or not it is fully appreciated, we are observing extremes in nearly every pendulum of the global financial markets. The situation is likely to be seen in hindsight as one of the broadest points of financial distortion in history. Broadest, because unlike the 2000 peak when technology and large capitalization stocks were more overvalued on reliable measures than they are today, the median stock is now more overvalued than in 2000. It’s true that on historically reliable valuation measures that are best correlated with actual subsequent total returns on stocks, the 2000 peak remains the most overvalued point for the S&P 500 in U.S. history, though only about 20% above present valuation levels on those measures (there are certainly many popular but unreliable measures that suggest only moderate overvaluation here). Aside from that 2000 peak, the S&P 500 itself is now more overvalued than at the 1929 peak, not to mention the lesser 1972, 1987 and 2007 extremes. We estimate that the S&P 500 Index is likely to be below its present level a decade from now, though adding dividends is likely to raise the nominal total return to about 1.6% annually on a 10-year horizon.
- Links
The first time Buffett, Osborne and 18 others were mentioned in The World-Herald [H/T Linc] (LINK) StarTalk Live! Podcast: Evolution with Richard Dawkins and Bill Nye (Part 2) (LINK) [Related books, with The Ancestor's Tale added from last time, HERE....
- Links
I had previously missed this, but Richard Koo's latest book came out a few weeks ago: The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy Fortune: Inside Elon Musk's $1.4 billion score (LINK) Amazon...
- Links
Q&A with Guy Spier about his book, The Education of a Value Investor (LINK) Buffett’s Private Analysis of Geico in 1976: ‘Extraordinary’ But ‘Mismanaged’ [H/T Lincoln] (LINK) Aswath Damodaran on corporate break-ups, using EBay and PayPal...
- Hussman Weekly Market Comment: We Learn From History That We Do Not Learn From History
Link to: We Learn From History That We Do Not Learn From History “We learn from history that we do not learn from history.” Georg Wilhelm Friedrich Hegel Last week, Investors Intelligence reported that bullish sentiment surged...
- Hussman Weekly Market Comment: The Truth Does Not Change According To Our Ability To Stomach It
Our estimate of prospective 10-year nominal S&P 500 total returns has eroded to just 2.3%, suggesting that equities are likely to underperform even the relatively low returns available on 10-year Treasury bonds in the coming decade. Those estimates...