Return on Stamps
February 22, 2010 - Aesthetic Investments, Individual Investing
…evidence indicates that stamps probably underperform stocks, beat bonds and gold and tie art over the long run, with a return pattern somewhat like that of gold.
February 22, 2010 - Aesthetic Investments, Individual Investing
…evidence indicates that stamps probably underperform stocks, beat bonds and gold and tie art over the long run, with a return pattern somewhat like that of gold.
February 17, 2010 - Momentum Investing, Technical Trading
…evidence from simple tests on limited samples supports a belief that a strategy employing long-term simple moving average crossing signals to enter and exit equities may outperform a buy-and-hold strategy, depending on market conditions and the level of trading frictions/fees.
February 16, 2010 - Individual Gurus
This sample is far too small for a Guru Grades-type review.
February 13, 2010 - Individual Gurus
Some considerations that might make these results seem less than stunning are…
February 12, 2010 - Fundamental Valuation, Momentum Investing
It is arguable that both momentum investing (trend-following, such as Decision Moose) and value investing (valuation-implied mispricing, such as Magic Formula Investing) are timing approaches at different horizons.
February 12, 2010 - Animal Spirits, Individual Investing
…financial advisors may be able to improve advisee satisfaction by refining the typical approach to risk tolerance measurement and accommodation. The self-advised can apply such refinement to themselves.
February 10, 2010 - Fundamental Valuation
…evidence indicates that decomposition of valuation ratios into long-term trends and shorter-term (business cycle) variations may substantially enhance their abilities to predict stock market returns.
February 9, 2010 - Technical Trading
…evidence from limited tests suggests that ETF pair trading based on relative returns/volatilities may outperform simple passive benchmarks.
February 4, 2010 - Short Selling
…evidence indicates that short sellers are on average skilled public information processors, successfully discriminating between future underperformers and outperformers, with exploitation concentrated after several categories of news releases.
February 2, 2010 - Big Ideas
…evidence indicates that U.S. stock market returns may be significantly predictable during economic and political crises, but not during market bubbles and crashes. Investor misreaction to crises, not economic fundamentals, appear to drive stock return predictability.