Comments on: Oh Boy http://www.mebanefaber.com/2009/12/08/oh-boy/ 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: TKC http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-4446 TKC Sat, 19 Dec 2009 19:14:36 +0000 http://www.mebanefaber.com/?p=2221#comment-4446 I find it funny that so many folks are giving Meb grief over his pride of ownership to his research and ideas--yet they are on his blog where he discusses his research "FREE" of charge. Obviously, there are a lot of folks on here that have never had their own business, and think they should be given everything for free. Probably the same people who believe the rich are evil and they got there by taking advantage of others vs. the truth of hard work and determination.<br><br>Meb, thanks for the ideas, concepts and research. I for one appreciate the thought provoking content. I find it funny that so many folks are giving Meb grief over his pride of ownership to his research and ideas–yet they are on his blog where he discusses his research “FREE” of charge. Obviously, there are a lot of folks on here that have never had their own business, and think they should be given everything for free. Probably the same people who believe the rich are evil and they got there by taking advantage of others vs. the truth of hard work and determination.

Meb, thanks for the ideas, concepts and research. I for one appreciate the thought provoking content.

]]> By: TKC http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3430 TKC Sat, 19 Dec 2009 13:14:36 +0000 http://www.mebanefaber.com/?p=2221#comment-3430 I find it funny that so many folks are giving Meb grief over his pride of ownership to his research and ideas--yet they are on his blog where he discusses his research "FREE" of charge. Obviously, there are a lot of folks on here that have never had their own business, and think they should be given everything for free. Probably the same people who believe the rich are evil and they got there by taking advantage of others vs. the truth of hard work and determination.<br><br>Meb, thanks for the ideas, concepts and research. I for one appreciate the thought provoking content. I find it funny that so many folks are giving Meb grief over his pride of ownership to his research and ideas–yet they are on his blog where he discusses his research “FREE” of charge. Obviously, there are a lot of folks on here that have never had their own business, and think they should be given everything for free. Probably the same people who believe the rich are evil and they got there by taking advantage of others vs. the truth of hard work and determination.

Meb, thanks for the ideas, concepts and research. I for one appreciate the thought provoking content.

]]> By: Tim http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3404 Tim Wed, 16 Dec 2009 02:32:27 +0000 http://www.mebanefaber.com/?p=2221#comment-3404 Faber - I think you're reading into this way too much. There are countless financial advisors that charge a ton more than $60 and basically run a very similar tactical strategy - sure they bundle it with financial planning, etc, etc, but in the in the end it costs the clients a bit more than $60. This has been going on ever since I've been in the industry, and especially useful because it allows the FA to prove that are doing something with the fees they charger rather than the idle appearance of buy and hold (hard to justify your fees there, even if it's the best approach for the client) <br><br>I agree that the site was a blatant rip - but really isn't it splitting hairs ?- they could have spent 10 mins changing some basics around (and not given a link to your white paper) and it would have appeared to be their own creation Faber – I think you're reading into this way too much. There are countless financial advisors that charge a ton more than $60 and basically run a very similar tactical strategy – sure they bundle it with financial planning, etc, etc, but in the in the end it costs the clients a bit more than $60. This has been going on ever since I've been in the industry, and especially useful because it allows the FA to prove that are doing something with the fees they charger rather than the idle appearance of buy and hold (hard to justify your fees there, even if it's the best approach for the client)

I agree that the site was a blatant rip – but really isn't it splitting hairs ?- they could have spent 10 mins changing some basics around (and not given a link to your white paper) and it would have appeared to be their own creation

]]> By: DP http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3403 DP Wed, 16 Dec 2009 01:11:50 +0000 http://www.mebanefaber.com/?p=2221#comment-3403 For $20 a pop, I'll sell anyone an easylanguage strategy that I can write in 4.5 minutes based on this strategy. Dump your money at tradestation, plop the strategy in, and kick your feet up...it's all automated. Write me if you're interested: (dunamis.partners at gmail dot com). For $20 a pop, I'll sell anyone an easylanguage strategy that I can write in 4.5 minutes based on this strategy. Dump your money at tradestation, plop the strategy in, and kick your feet up…it's all automated. Write me if you're interested: (dunamis.partners at gmail dot com).

]]> By: Nick http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3380 Nick Thu, 10 Dec 2009 20:04:17 +0000 http://www.mebanefaber.com/?p=2221#comment-3380 Of course it did and by a lot too. But that's just a reflection of having more asset classes to choose from rather than any timing skill. Of course it did and by a lot too. But that's just a reflection of having more asset classes to choose from rather than any timing skill.

]]> By: Lurker http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3377 Lurker Thu, 10 Dec 2009 01:33:33 +0000 http://www.mebanefaber.com/?p=2221#comment-3377 You say it added a lot to the Sharpe ratio.<br><br>Did it improve the compounding????? You say it added a lot to the Sharpe ratio.

Did it improve the compounding?????

]]> By: Nick http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3375 Nick Wed, 09 Dec 2009 19:42:05 +0000 http://www.mebanefaber.com/?p=2221#comment-3375 I was hired as a quant 5 years ago by a wealth manager to devise a strategy based on the 200 day MA and n asset classes. There was a LOT of work to do - minimizing trading costs and optimizing n with the constraint that it had to be a 200 day MA strategy so that it could be openly explained to clients.<br><br>It cost a LOT of money (as Mebane would know) to set it up. Instead of arguing over whose strategy it is (it is public domain) I should have just said that charging $60 for it could be a reasonable fee. "My" formula for dynamically working out the optimal value of n added a lot to the Sharpe Ratio but any quant could work it out and I've seen it in the literature so I would rather say "the" formula.<br><br>As toptick says, it's all about the packaging. I was hired as a quant 5 years ago by a wealth manager to devise a strategy based on the 200 day MA and n asset classes. There was a LOT of work to do – minimizing trading costs and optimizing n with the constraint that it had to be a 200 day MA strategy so that it could be openly explained to clients.

It cost a LOT of money (as Mebane would know) to set it up. Instead of arguing over whose strategy it is (it is public domain) I should have just said that charging $60 for it could be a reasonable fee. “My” formula for dynamically working out the optimal value of n added a lot to the Sharpe Ratio but any quant could work it out and I've seen it in the literature so I would rather say “the” formula.

As toptick says, it's all about the packaging.

]]> By: Pete http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3367 Pete Wed, 09 Dec 2009 14:33:00 +0000 http://www.mebanefaber.com/?p=2221#comment-3367 Nick, think before you write please. Nick, think before you write please.

]]> By: aaCharley http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3362 aaCharley Wed, 09 Dec 2009 07:35:27 +0000 http://www.mebanefaber.com/?p=2221#comment-3362 What is really great about the presentation is that they have already gathered Testimonials. Pretty remarkable for a very short time in operation. A second noteable comparison is that your book with lots of additional material is available on Amazon for LESS money than these people charge for a booklet. It would seem reasonable for them to acknowledge more of your strategy development and at least provide a link to The Ivy Portfolio at Amazon bookseller. What is really great about the presentation is that they have already gathered Testimonials. Pretty remarkable for a very short time in operation. A second noteable comparison is that your book with lots of additional material is available on Amazon for LESS money than these people charge for a booklet. It would seem reasonable for them to acknowledge more of your strategy development and at least provide a link to The Ivy Portfolio at Amazon bookseller.

]]> By: macclary http://www.mebanefaber.com/2009/12/08/oh-boy/comment-page-1/#comment-3358 macclary Tue, 08 Dec 2009 23:24:03 +0000 http://www.mebanefaber.com/?p=2221#comment-3358 Ha ha! If that outfit is able to make money and keep customers happy, then maybe you could offer them an affiliate contract to sell some of your higher octane strategies ;-) Ha ha! If that outfit is able to make money and keep customers happy, then maybe you could offer them an affiliate contract to sell some of your higher octane strategies ;-)

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