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Archive for the ‘Austrian Economics’ Category

Volatility at World’s End: Two Decades of Movement in Markets

Posted in Austrian Economics, Stocks, tagged , on May 11, 2012 | Leave a Comment »

Chris Cole of Artemis Capital Management has created an incredibly cool film called “Volatility at World’s End: Two Decades of Movement in Markets” showing  a depiction of real stock market volatility using trading data from 1990 to 2011. It accompanied his speech at the 2012 Global Derivatives and Risk Management Conference in Barcelona, Spain. Here’s Chris’s [...]

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Warren Buffett on the economy: “No double dip”

Posted in About, Austrian Economics, Value Investment, Warren Buffett, tagged on September 14, 2010 | 2 Comments »

Warren Buffett has long eschewed any ability to foresee the path of the markets or the economy, but according to this BusinessWeek article, he’s resolute that the economy will not slide back into recession: Warren Buffett ruled out a second recession in the U.S. and said businesses owned by his Berkshire Hathaway Inc. are growing. [...]

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Bloomberg on Burry’s bets on farmland and gold

Posted in About, Austrian Economics, Dr. Michael (Mike) Burry, Stocks, tagged on September 8, 2010 | 1 Comment »

In Burry, Predictor of Mortgage Collapse, Bets on Farmland, Gold, Bloomberg has a great profile on Dr. Michael Burry and his recent investments. Says Bloomberg: Michael Burry, the former hedge-fund manager who predicted the housing market’s plunge, said he is investing in farmable land, small technology companies and gold as he hunts original ideas and braces for a [...]

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Handy automatic Graham / Shiller PE10 chart

Posted in About, Austrian Economics, Value Investment, tagged on July 14, 2010 | 3 Comments »

Multpl.com has a handy Graham / Shiller PE10 chart for the S&P500 that updates on daily basis. Where is the PE10 today? 19.93: Interested in the mean, median, minimum or the maximum? Multpl.com has those too: Mean: 16.37 Median: 15.74 Min: 4.78 (Dec 1920) Max: 44.20 (Dec 1999)?

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Zero Hedge says market now just 15% above 666 lows, 22% off 2010 highs, when priced in gold

Posted in About, Austrian Economics, tagged , on July 1, 2010 | 4 Comments »

I love a stock-index-to-gold ratio (see my earlier Chart of the DJIA priced in gold). Zero Hedge has calculated the performance of the S&P500 in gold over the last 18 months. It’s scary stuff. Here, in his inimitable style, is Tyler: It may come as a surprise to some that when the market’s performance is [...]

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Graham’s P/E10 ratio

Posted in About, Austrian Economics, Value Investment, tagged , on April 9, 2010 | 10 Comments »

The wonderful DShort.com blog has a post, Is the stock market cheap?, examining the S&P500 using Benjamin Graham’s P/E10 ratio. Doug Short describes the raison d’être of the Graham P/E10 ratio thus: Legendary economist and value investor Benjamin Graham noticed the same bizarre P/E behavior during the Roaring Twenties and subsequent market crash. Graham collaborated with [...]

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Nassim Nicholas Taleb and An Apology for Raymond Sebond

Posted in About, Austrian Economics, Contrarian investment, Stocks, tagged , on January 20, 2010 | 3 Comments »

As I foreshadowed last week in The New World, I want to explore Nassim Nicholas Taleb’s Fooled by Randomness and The Black Swan in some depth. The books aren’t strictly about investing, which Taleb regards as a “less interesting, more limited –and rather boring –applications of [his] ideas,” but my interest is in investment, particularly deep [...]

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The new world

Posted in About, Austrian Economics, Greenbackd, Stocks, tagged , on January 12, 2010 | 9 Comments »

As I foreshadowed yesterday, there are several related themes that I wish to explore on Greenbackd. These three ideas are as follows: Quantitative value investing Pure contrarian investing Problems with the received wisdom on value investment Set out below is a brief overview of each. A quantitative approach to value investment I believe that James [...]

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Miguel Barbosa interviews Joe Calandro, Jr. author of Applied Value Investing

Posted in About, Austrian Economics, Net Current Asset Value, Stocks, Value Investment, tagged , , on December 9, 2009 | Leave a Comment »

The wonderful Miguel Barbosa of Simoleon Sense has interviewed Joe Calandro, Jr., author of Applied Value Investing. The interview is first class. Joe Calandro, Jr. is an interesting guy. Deep value? Check. Activist investing? He’s for it. Austrian School of Economics? Check. I think I just wet myself. Here’s Joe’s take on value: Q. Can [...]

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Chart of the DJIA priced in gold: Buffett and gold redux

Posted in About, Austrian Economics, Stocks, tagged , , on November 18, 2009 | 3 Comments »

One of my favorite macro indicators is the long-term Dow:gold ratio. Rolph Winkler of Reuters blog Contingent Capital did the heavy lifting last week to produce a chart of the Dow Jones Industrial Average priced in gold per ounce since 1900: The Dow:gold ratio is not everyone’s cup of tea. Paul Kedorosky likens it to [...]

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