Search found 1501 matches

by matjen
Thu Dec 08, 2016 3:01 pm
Forum: Investing - Theory, News & General
Topic: AQR - Alternative Thinking 4Q 2016: Superstar Investors
Replies: 21
Views: 1136

Re: AQR - Alternative Thinking 4Q 2016: Superstar Investors

Ok, I buy that. I don't have a good handle on the time frames involved... are we missing anyone else who earned long-term alpha like that? Buffett and Soros are both very smart, successful investors, but it would seem that Lynch is (was) in a league of his own. Renaissance Technologies Medallion Fu...
by matjen
Thu Dec 08, 2016 10:30 am
Forum: Investing - Theory, News & General
Topic: AQR - Alternative Thinking 4Q 2016: Superstar Investors
Replies: 21
Views: 1136

Re: AQR - Alternative Thinking 4Q 2016: Superstar Investors

Come on nedsaid! AQR isn't saying you will have the same or similar net worth. Just similar returns on a portfolio if you stay disciplined. I know you are joking a bit but being this literal in order to criticize the genre is a tad disingenuous.
by matjen
Wed Dec 07, 2016 9:50 pm
Forum: Investing - Theory, News & General
Topic: AQR - Alternative Thinking 4Q 2016: Superstar Investors
Replies: 21
Views: 1136

Re: AQR - Alternative Thinking 4Q 2016: Superstar Investors

Bloomberg article on the AQR paper: https://www.bloomberg.com/news/articles/2016-12-07/buffett-soros-and-the-role-of-robotic-logic-in-investing-riches How Anyone Can Invest Like Warren Buffett AQR compared Buffett’s and Soros’s returns with portfolios automatically tuned to investment styles deemed ...
by matjen
Wed Dec 07, 2016 7:51 pm
Forum: Investing - Theory, News & General
Topic: AQR - Alternative Thinking 4Q 2016: Superstar Investors
Replies: 21
Views: 1136

AQR - Alternative Thinking 4Q 2016: Superstar Investors

Alternative Thinking 4Q 2016: Superstar Investors https://www.aqr.com/library/aqr-publications/alternative-thinking-4q-2016 Many famous investors are outspoken about their investment philosophies, and carefully apply them to a select number of securities. In this Alternative Thinking, we seek to app...
by matjen
Wed Dec 07, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: Swedroe's book
Replies: 22
Views: 2239

Re: Swedroe's book

stumblebum We worked with firm we had worked with before who has lots of experience. Mistakes just happen. And they were not ours in the submission. That was checked even after we learned of the mistakes. And it's out of print because we are making the corrections. My undergraduate diploma from the...
by matjen
Tue Dec 06, 2016 9:04 am
Forum: Investing - Help with Personal Investments
Topic: How much risk do we need to take? Retired at age 47.
Replies: 56
Views: 5659

Re: How much risk do we need to take? Retired at age 47.

1) You are relatively young and have a long retirement horizon ahead of you so you can't get too conservative, but 2) You also have a fairly large nest egg that could be severely affected by a bear market. It hurts much more to lose 7 figures than low 6 figures in a bear market. Especially when you ...
by matjen
Mon Dec 05, 2016 6:30 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 219
Views: 24595

Re: Roll Call for the Retirement Class of 2016!

As of today, I will be a proud member of the Class of 2016. Notice given today. Last day of work is 12/30/16. Just made it!
by matjen
Sun Dec 04, 2016 9:51 pm
Forum: Personal Consumer Issues
Topic: Men's Fashion - Best Bang for Buck
Replies: 70
Views: 5406

Re: Men's Fashion - Best Bang for Buck

Another vote for Uniqlo. Especially if you are on the thinner side. Great value and modern style.

https://www.uniqlo.com/us/en/men/
by matjen
Sat Dec 03, 2016 5:03 pm
Forum: Investing - Theory, News & General
Topic: Nice short Vanguard videos on factor based investing
Replies: 31
Views: 2614

Re: Nice short Vanguard videos on factor based investing

Here is a link to the UK site. Vanguard has a momentum ETF, a value ETF, a liquidity ETF, etc. https://www.vanguard.co.uk/adviser/adv/investments/investments/all-products?productType=etf Yes, but can U.S. retail investors use U.K. Vanguard funds? Thanks Larry for the explanation. I would guess not....
by matjen
Sat Dec 03, 2016 3:12 pm
Forum: Investing - Theory, News & General
Topic: Nice short Vanguard videos on factor based investing
Replies: 31
Views: 2614

Re: Nice short Vanguard videos on factor based investing

Here is a link to the UK site. Vanguard has a momentum ETF, a value ETF, a liquidity ETF, etc.

https://www.vanguard.co.uk/adviser/adv/ ... ctType=etf
by matjen
Thu Dec 01, 2016 11:47 am
Forum: Investing - Theory, News & General
Topic: Three fund portfolio for retirement
Replies: 69
Views: 6748

Re: Three fund portfolio for retirement

Bobk,

As always, thank you for championing the LifeCycle investing point of view. Although not for everyone, I think this is a very good strategy for many and should be considered seriously. :beer

Matjen
by matjen
Tue Nov 29, 2016 10:07 am
Forum: Personal Consumer Issues
Topic: Tesla X
Replies: 260
Views: 40134

Re: Tesla X

14th out of 15th. Could be worse! http://money.cnn.com/2016/11/28/autos/tesla-model-x-consumer-reports/index.html?iid=ob_homepage_deskrecommended_pool Tesla's super-hot Model X SUV just took a beating in Consumer Reports magazine. The verdict: "fast but flawed." "In spite of its virtu...
by matjen
Mon Nov 28, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Not DFA - what are the best Value and MOM funds?
Replies: 20
Views: 2035

Re: Not DFA - what are the best Value and MOM funds?

^+1 It is a very cool feature. Read the small print however. It assumes monthly rebalancing of the replacement funds. So not exactly apples to apples but still interesting and useful.
by matjen
Sat Nov 26, 2016 10:44 pm
Forum: Investing - Theory, News & General
Topic: A look at the research and evidence on time-series MOM
Replies: 134
Views: 9144

Re: A Private Message (PM) About Momentum Funds

But let's be honest. The people reading this thread are the same 10 or so factor investing dorks such as myself (I could virtually name all 10 people). Who are you calling a dork!?! :D Yay Vanguard & Bogle Yay DFA & Fama/French Yay AQR & Asness/Ilmanen YAY Open mindedness, variety of pe...
by matjen
Tue Nov 22, 2016 5:44 pm
Forum: Investing - Theory, News & General
Topic: Renaissance Technologies - Inside a Moneymaking Machine Like No Other
Replies: 54
Views: 4828

Re: Renaissance Technologies - Inside a Moneymaking Machine Like No Other

AQR has over 30 funds and their performance (with but one or two exceptions) has been average to dismal. Some have negative 5 year annualized returns. And the forum favorite here - QMHIX - is down 14.45% over the past year and has made only 3.04% annualized the past three years. These are faddish f...
by matjen
Tue Nov 22, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: Renaissance Technologies - Inside a Moneymaking Machine Like No Other
Replies: 54
Views: 4828

Re: Renaissance Technologies - Inside a Moneymaking Machine Like No Other

Matjen What is a Quant and Hold investor? I usually think of them as opposite unless it is something like pick a factor for long run Curious QJ It just means that I subscribe to all the traditional Boglehead principles and also believe in factors. So my portfolio isn't cap weighted but I do rebalan...
by matjen
Tue Nov 22, 2016 7:42 am
Forum: Investing - Theory, News & General
Topic: DFA vs Vanguard (I know, I know)
Replies: 32
Views: 3381

Re: DFA vs Vanguard (I know, I know)

Thanks for the insight everyone. I have been contemplating paying an advisory service for DFA access. But with the fee plus the increased ER of DFA funds, I would be paying almost a full 1% over vanguard for more "pure" SCV exposure. I am 100% equities, 65% of that is SCV and 35% is emerg...
by matjen
Mon Nov 21, 2016 7:30 pm
Forum: Investing - Theory, News & General
Topic: Renaissance Technologies - Inside a Moneymaking Machine Like No Other
Replies: 54
Views: 4828

Renaissance Technologies - Inside a Moneymaking Machine Like No Other

So I generally describe myself as a Quant & Hold Investor. I believe the markets are generally efficient and that the Vanguard approach to inexpensive and diversified beta or the DFA/AQR/Swedroe approach of factor investing at a reasonable price are the best methods for 99.9% of investors. HOWEV...
by matjen
Fri Nov 11, 2016 9:53 am
Forum: Investing - Theory, News & General
Topic: AQR/Asness - Factor Investing Explicitly Tries to Look Lousy on Active Share
Replies: 4
Views: 461

AQR/Asness - Factor Investing Explicitly Tries to Look Lousy on Active Share

The latest Cliff's Perspective regarding Active Share and Factor Investing. https://www.aqr.com/cliffs-perspective/factor-investing-explicitly-tries-to-look-lousy-on-active-share Active Share may or may not make sense for judging traditional active discretionary stock pickers (and when I say “make s...
by matjen
Thu Nov 10, 2016 5:24 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Meb Faber Show
Replies: 15
Views: 2079

Re: Larry Swedroe on Meb Faber Show

Good talk Larry. Well done. OP, thanks for posting.
by matjen
Wed Nov 09, 2016 6:42 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's New Book is Available Now!
Replies: 129
Views: 12725

Re: Larry Swedroe's New Book is Available Now!

Larry, any update on the Kindle version? I keep checking every day only to be disappointed. :(
by matjen
Tue Nov 08, 2016 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Why is QSPIX steadily declining?
Replies: 40
Views: 4763

Re: Why is QSPIX steadily declining?

taojaxx wrote:" I think OP may have called a generational low for QSPIX. ;-)"
(Was 9.86)
That was a short generation.


You fell for the double bottom or whatever those chart fellows call it. ;-)
by matjen
Tue Nov 08, 2016 9:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total Bond - Not reccomended by Swedroe??
Replies: 50
Views: 10294

Re: Vanguard Total Bond - Not reccomended by Swedroe??

I went to the Vanguard website to look for a Vanguard taxable bond fund that is safer than Total Bond. It turns out they have a lot of bond funds. Can someone help me figure out which of their many taxable bond funds are safer than the Total Bond fund? Total Bond Fund is a fine fund. If you want to...
by matjen
Tue Nov 01, 2016 5:37 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1098
Views: 145335

Re: QSPIX - thoughts on interesting fund

Another minor rough stretch for the markets and QSPIX has performed admirably. In October it was up 1.62% (helped mightily by a 1% day yesterday). Today it was the only thing in my portfolio not red. For the month of October it was about the only thing positive other than Emerging Markets eking out ...
by matjen
Thu Oct 27, 2016 4:40 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 28431

Re: Larry Swedroe's latest market returns forecast

To present Larry's above post in a more easily digestible graphical format here is the chart from the Asness paper. I can't believe all the grief Larry is getting over this but horses for courses I suppose.

Image
by matjen
Mon Oct 24, 2016 9:25 am
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein Books
Replies: 40
Views: 3389

Re: Dr. Bill Bernstein Books

"The Four Pillars of Investing" without a doubt. Some of his other books are very complex and many others very short and pretty basic or narrow in topic (all great). This one is just right for someone who spends time on a forum like this. The shorter/simpler ones are best suggestion for fr...
by matjen
Fri Oct 21, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's New Book is Available Now!
Replies: 129
Views: 12725

Re: Larry Swedroe's New Book is Available Now!

An extra 20 or 30bp is not necessarily an issue for me either. But that means it'd should cost 30-40bp total (since Vanguard index is at 10bp or thereabouts) using the prices you're giving. I haven't seen just a ton of factor based ETFs in that price range. I mentioned one I really want to own earl...
by matjen
Fri Oct 21, 2016 10:11 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 28431

Re: Larry Swedroe's latest market returns forecast

Does DFA recommend something similar in their model portfolios? I realize there's no "right" answer, but does Vanguard (and ?DFA?) recommend true world equity market cap weighting because of higher expected returns or is it because they are striving to have truly market cap weight portfol...
by matjen
Fri Oct 21, 2016 9:47 am
Forum: Investing - Theory, News & General
Topic: Latest Jason Zweig article on DFA: Making Billions With One Belief: The Markets Can’t Be Beat
Replies: 21
Views: 3220

Re: Latest Jason Zweig article on DFA: Making Billions With One Belief: The Markets Can’t Be Beat

Robert T, Care to comment on the components of these ex ante sample portfolios or provide a link to M*? Are they similar to the portfolios we talked about in the past on other threads (can't seem to find them this morning...)? Thanks, GOR Here are Robert T.'s portfolios: http://socialize.morningsta...
by matjen
Thu Oct 20, 2016 9:04 pm
Forum: Investing - Theory, News & General
Topic: Latest Jason Zweig article on DFA: Making Billions With One Belief: The Markets Can’t Be Beat
Replies: 21
Views: 3220

Re: Latest Jason Zweig article on DFA: Making Billions With One Belief: The Markets Can’t Be Beat

. In the grander scheme of things, consistent savings and staying the course are a much larger determinant of investment success than the use of DFA or non-DFA funds to achieve portfolio factor load targets. Of course I agree. The one thing I will say about DFA and what really attracted me to them ...
by matjen
Thu Oct 20, 2016 4:21 pm
Forum: Investing - Theory, News & General
Topic: Latest Jason Zweig article on DFA: Making Billions With One Belief: The Markets Can’t Be Beat
Replies: 21
Views: 3220

Re: Latest Jason Zweig article on DFA: Making Billions With One Belief: The Markets Can’t Be Beat

No link so I'll add what I posted and then deleted when I saw you beat me! MARKETS THE PASSIVISTS Making Billions With One Belief: The Markets Can’t Be Beat Mutual-fund company DFA adds nearly $2 billion in net assets per month at a time when investors are fleeing many other firms http://on.wsj.com/...
by matjen
Thu Oct 20, 2016 12:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's New Book is Available Now!
Replies: 129
Views: 12725

Re: Larry Swedroe's New Book is Available Now!

I see a couple of issues with that example...I don't see DFA investments can be compared to open market ones. Open market investments have no additional advisory layer of costs. And I can't just log onto my (Vanguard) brokerage and buy a DFA fund. There is a some truth to the above but of course yo...
by matjen
Thu Oct 20, 2016 9:35 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 928
Views: 145030

Re: Tesla S

This is why you lease a car like a Tesla. It is changing too rapidly. Older Porsches and such have certain qualities that can be viewed as an advantage. Who would want a $125K+ Tesla X that is vastly inferior to the newer ones? Not me that's for sure. Elon Musk yesterday: "Should mention that r...
by matjen
Thu Oct 20, 2016 7:21 am
Forum: Investing - Theory, News & General
Topic: [WSJ - What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing]
Replies: 35
Views: 2686

WSJ - What Does Nevada’s $35 Billion Fund Manager Do All Day? Nothing

This may be the ultimate Boglehead article in the sense that it does not matter how large your portfolio is. Boglehead principles can/will still work. The pictures of this fellow in his drab office are the best. One guy from a below average school sitting at a generic desk eating leftovers can perfo...
by matjen
Mon Oct 17, 2016 9:47 am
Forum: Investing - Theory, News & General
Topic: WSJ - The Dying Business of Picking Stocks
Replies: 38
Views: 5917

WSJ - The Dying Business of Picking Stocks

You will likely have to use Google to get a working link since I am a subscriber: http://www.wsj.com/articles/the-dying-business-of-picking-stocks-1476714749 The Dying Business of Picking Stocks Passive investing has become investors’ default, driving billions into funds that track indexes. It’s tra...
by matjen
Wed Oct 12, 2016 6:55 pm
Forum: Investing - Theory, News & General
Topic: Cliff Asness - Turning Over Accepted Wisdom with Turnover
Replies: 29
Views: 2624

Re: Cliff Asness - Turning Over Accepted Wisdom with Turnover

Lasse Pedersen paper can be found here: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2849071 Abstract: I challenge Sharpe’s (1991) famous equality that “the return on the average actively managed dollar will equal the return on the average passively managed dollar.” This equality does not hold...
by matjen
Wed Oct 12, 2016 6:53 pm
Forum: Investing - Theory, News & General
Topic: Cliff Asness - Turning Over Accepted Wisdom with Turnover
Replies: 29
Views: 2624

Cliff Asness - Turning Over Accepted Wisdom with Turnover

AQR (in the form of a Lasse Pedersen paper) dabbles around the edges of Bill Sharpe's famous The Arithmetic of Active Management paper here. I have quoted a paragraph but the next one gives plenty of Bogle/indexing love per usual for Asness. https://www.aqr.com/cliffs-perspective/turning-over-accept...
by matjen
Wed Oct 12, 2016 4:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's New Book is Available Now!
Replies: 129
Views: 12725

Re: Larry Swedroe's New Book is Available Now!

Thanks for the heads up OP.

Best of luck with the new book Larry. :beer
by matjen
Sat Oct 01, 2016 11:20 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 928
Views: 145030

Re: Tesla S

But, as a practical matter, I seldom go more than 250 miles in a day, and charging at home is fine. Yes, this is true for most people... I'm coming around to liking the idea of electric cars more and more (especially as the ranges increase). But there's a big difference between, "Oh most peopl...
by matjen
Fri Sep 30, 2016 7:51 am
Forum: Investing - Theory, News & General
Topic: Quant Who Coined Risk Parity Says Wall Street Has It Wrong
Replies: 14
Views: 2262

Re: Quant Who Coined Risk Parity Says Wall Street Has It Wrong

What is the source of the Nisiprius quote? I don't see a post of his in this thread. As Lack_ey mentioned above, it appears Nisi deleted his post. OP, thanks for posting article. I wish it had gone into a bit more detail about actual risk parity strategy but Lack_ey filled in the blanks. Thanks Lac...
by matjen
Fri Sep 30, 2016 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Why is QSPIX steadily declining?
Replies: 40
Views: 4763

Re: Why is QSPIX steadily declining?

pkcrafter wrote:Assnessheads.org

Ha! I love it.


Come on. At least admit that you think the more appropriate name would be HeadsinAssness.org! :wink:
by matjen
Thu Sep 29, 2016 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Why is QSPIX steadily declining?
Replies: 40
Views: 4763

Re: Why is QSPIX steadily declining?

I have owned some QSPIX for about a year. Although I understand its diversification benefits and know this is an unfair/improper comparison, I am nonetheless disappointed in QSPIX's performance over the past year relative to Vanguard 2030. Does anyone know under what market conditions QSPIX is supp...
by matjen
Thu Sep 29, 2016 6:27 am
Forum: Investing - Theory, News & General
Topic: AQR's Cliff Asness on Bloomberg Today
Replies: 15
Views: 1422

Re: AQR's Cliff Asness on Bloomberg Today

Cool find matjen. I heart AQR. :beer My pleasure tarheel. There is actually an additional video up. I had watched the original studio interview live and was slightly annoyed that they had edited out the last few minutes where he talked about everyone's favorite mutual fund QSPIX! Here is the new vi...
by matjen
Wed Sep 28, 2016 4:35 pm
Forum: Investing - Theory, News & General
Topic: AQR's Cliff Asness on Bloomberg Today
Replies: 15
Views: 1422

AQR's Cliff Asness on Bloomberg Today

Cliff Asness appeared at Bloomberg Markets Most Influential conference today and then had a few follow up segments on Bloomberg TV where he discussed many popular topics on this forum. The problem with hedge funds regarding cost, future structure of the investment vehicle market (indexing, hedge fun...
by matjen
Tue Sep 27, 2016 6:33 pm
Forum: Investing - Theory, News & General
Topic: How Interest Rates Affect Stock Market Returns
Replies: 3
Views: 675

How Interest Rates Affect Stock Market Returns

A nice blog post from Ben Carlson on interest rates and US equity returns since 1926. How Interest Rates Affect Stock Market Returns http://awealthofcommonsense.com/2016/09/how-interest-rates-affect-stock-market-returns/ For the most part it does appear that this relationship has held up over time. ...
by matjen
Mon Sep 26, 2016 6:24 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle investing: it depends on the insurance market being very efficient, right?
Replies: 17
Views: 2005

Re: Lifecycle investing: it depends on the insurance market being very efficient, right?

Thanks for revisiting the DFA solution Bobk. I think last time we were discussing this it was just rolling out. Now the DFA site has a bit more info and also all the Target Date Funds one can select from IF they have access. https://us.dimensional.com/strategies/target-date.aspx https://hub.dimensio...
by matjen
Sun Sep 25, 2016 11:43 am
Forum: Personal Consumer Issues
Topic: Used BMW X1
Replies: 23
Views: 2118

Re: Used BMW X1

US-market X1s are available exclusively with Turbocharged engines, either a 2.0L 4-cylinder or a 3.0L Inline six. In both cases this is a twin-scroll turbo, which means it can act like either a small unit or a large one, providing a similar effect as a twin turbo setup. Running regular gas in a for...
by matjen
Thu Sep 22, 2016 11:45 am
Forum: Personal Consumer Issues
Topic: Chicago Food/Restaurant Recommendations
Replies: 60
Views: 3700

Re: Chicago Food/Restaurant Recommendations

This place , I presume? I've been there multiple times; it's also now an annual tradition for me when family comes to visit. I thought about listing it in this thread, but it's so far out of the way, and so specialized, that I wasn't sure it made sense. Well that looks delicious. Must give it a try...
by matjen
Thu Sep 22, 2016 10:38 am
Forum: Personal Consumer Issues
Topic: Chicago Food/Restaurant Recommendations
Replies: 60
Views: 3700

Re: Chicago Food/Restaurant Recommendations

If you're willing to take a cab/Uber trip, there are some really great, casual places out in the neighborhoods in the $50 range. My list is a bit Lakeview-centric because that's where I live, but I've tried to give you a decent selection. Lakeview (North side, near Wrigley Field): Beef Shack (Belmo...

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