Monthly Archives: November 2014

Dilution, Index Evolution, and the Shiller CAPE: Anatomy of a Post-Crisis Value Trap

In the first century, the historian Plutarch introduced a famous philosophical paradox.  The paradox goes like this.  A ship–“The Ship of Theseus”–was returning home to Athens from Crete.  As it sailed, the wooden planks that made up its structure gradually … Continue reading

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Not Everyone Sucks at Investing

Judging from the financial headlines, we live in a world where everyone sucks at investing. Hedge funds?  Consistent underperformers: this year, last year, the year before that, the year before that, the year before that.  Every year, it seems.  Just google … Continue reading

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Valuation from All Angles: S&P 500, Russell 2000, and the 10 GICS Sectors

(Much thanks to the must follow @ElliotTurn for valuable help and feedback in the development of these charts and tables) In this piece, I’m going to present a series of charts and tables that seek to efficiently convey the state … Continue reading

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