Comments on: Airplane Reading http://www.mebanefaber.com/2009/08/05/airplane-reading/ Stock Market and Investing Blog of Mebane Faber Tue, 11 Oct 2011 15:24:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Douglas Lee http://www.mebanefaber.com/2009/08/05/airplane-reading/comment-page-1/#comment-4554 Douglas Lee Fri, 28 Aug 2009 13:13:51 +0000 http://www.mebanefaber.com/?p=1662#comment-4554 In the August 11th-2009 posting you mentioned the subject of lumber prices. I will offer just this one comment, as a single, fairly uninformed data point, concerning current prices of dimensional lumber at the lumber yard (stuff like 2x4's, etc). This (probably) has virtually nothing to do with the larger subject of the lumber industry at large, but is offered as just one single "moment in time" observation. I have a little familiarity with dimensional lumber prices. My observationn: A couple days ago (about August 25 or so) I was at the local lumber yard (Minneapolis Minnesota area). The prices seemed to me to be VERY low, compared to the past. I was amazed at how inexpensive these pieces of wood were. That's my observation. Thank You. In the August 11th-2009 posting you mentioned the subject of lumber prices. I will offer just this one comment, as a single, fairly uninformed data point, concerning current prices of dimensional lumber at the lumber yard (stuff like 2×4's, etc). This (probably) has virtually nothing to do with the larger subject of the lumber industry at large, but is offered as just one single “moment in time” observation. I have a little familiarity with dimensional lumber prices. My observationn: A couple days ago (about August 25 or so) I was at the local lumber yard (Minneapolis Minnesota area). The prices seemed to me to be VERY low, compared to the past. I was amazed at how inexpensive these pieces of wood were. That's my observation. Thank You.

]]> By: Douglas Lee http://www.mebanefaber.com/2009/08/05/airplane-reading/comment-page-1/#comment-2909 Douglas Lee Fri, 28 Aug 2009 08:13:51 +0000 http://www.mebanefaber.com/?p=1662#comment-2909 In the August 11th-2009 posting you mentioned the subject of lumber prices. I will offer just this one comment, as a single, fairly uninformed data point, concerning current prices of dimensional lumber at the lumber yard (stuff like 2x4's, etc). This (probably) has virtually nothing to do with the larger subject of the lumber industry at large, but is offered as just one single "moment in time" observation. I have a little familiarity with dimensional lumber prices. My observationn: A couple days ago (about August 25 or so) I was at the local lumber yard (Minneapolis Minnesota area). The prices seemed to me to be VERY low, compared to the past. I was amazed at how inexpensive these pieces of wood were. That's my observation. Thank You. In the August 11th-2009 posting you mentioned the subject of lumber prices. I will offer just this one comment, as a single, fairly uninformed data point, concerning current prices of dimensional lumber at the lumber yard (stuff like 2×4's, etc). This (probably) has virtually nothing to do with the larger subject of the lumber industry at large, but is offered as just one single “moment in time” observation. I have a little familiarity with dimensional lumber prices. My observationn: A couple days ago (about August 25 or so) I was at the local lumber yard (Minneapolis Minnesota area). The prices seemed to me to be VERY low, compared to the past. I was amazed at how inexpensive these pieces of wood were. That's my observation. Thank You.

]]> By: waltclay http://www.mebanefaber.com/2009/08/05/airplane-reading/comment-page-1/#comment-2877 waltclay Thu, 06 Aug 2009 15:43:08 +0000 http://www.mebanefaber.com/?p=1662#comment-2877 I'm not sure the names of the 1% would be important. 2007-8 were defining years. By now the authors have added those results and have run the full set through the computer. At best, you'd have to hire one as a consultant. Knowledge -> money -> power. I'm not sure the names of the 1% would be important. 2007-8 were defining years. By now the authors have added those results and have run the full set through the computer. At best, you'd have to hire one as a consultant. Knowledge -> money -> power.

]]> By: AlanPendleton http://www.mebanefaber.com/2009/08/05/airplane-reading/comment-page-1/#comment-2872 AlanPendleton Wed, 05 Aug 2009 21:18:41 +0000 http://www.mebanefaber.com/?p=1662#comment-2872 Typical academics ... they don't tell you who the 1% are. The most depressing line in the paper is this one: "we observe that the proportion of skilled funds decreases from 14.4% in 1990 to 0.6% in 2006." Alpha is becoming increasingly rare. Typical academics … they don't tell you who the 1% are. The most depressing line in the paper is this one: “we observe that the proportion of skilled funds decreases from 14.4% in 1990 to 0.6% in 2006.” Alpha is becoming increasingly rare.

]]> By: macclary http://www.mebanefaber.com/2009/08/05/airplane-reading/comment-page-1/#comment-2869 macclary Wed, 05 Aug 2009 16:38:33 +0000 http://www.mebanefaber.com/?p=1662#comment-2869 "Value and Momentum Everywhere" Value and momentum ubiquitously generate abnormal returns [across assets] within several countries...<br><a href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1363476" rel="nofollow">http://papers.ssrn.com/sol3/papers.cfm?abstract...</a><br><br>There are some interesting articles here, might be worth grabbing for offline reading.<br><a href="http://www.cxoadvisory.com/blog/internal/blog-momentum-investing/" rel="nofollow">http://www.cxoadvisory.com/blog/internal/blog-m...</a><br><a href="http://www.cxoadvisory.com/blog/internal/blog-value-premium/Default.asp" rel="nofollow">http://www.cxoadvisory.com/blog/internal/blog-v...</a> “Value and Momentum Everywhere” Value and momentum ubiquitously generate abnormal returns [across assets] within several countries…
http://papers.ssrn.com/sol3/papers.cfm?abstract…

There are some interesting articles here, might be worth grabbing for offline reading.
http://www.cxoadvisory.com/blog/internal/blog-m…
http://www.cxoadvisory.com/blog/internal/blog-v…

]]> By: darlenemarch http://www.mebanefaber.com/2009/08/05/airplane-reading/comment-page-1/#comment-2867 darlenemarch Wed, 05 Aug 2009 15:50:00 +0000 http://www.mebanefaber.com/?p=1662#comment-2867 If you like quantative analysis you might try "Inside the Black Box--The Simple Truth about Quantative Trading" by Rishi Narang, a book by Wiley, just out about Sept. 14. Next Red-eye maybe? If you like quantative analysis you might try “Inside the Black Box–The Simple Truth about Quantative Trading” by Rishi Narang, a book by Wiley, just out about Sept. 14. Next Red-eye maybe?

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