Search found 4745 matches

by siamond
Mon Jun 24, 2019 3:03 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

Finance is a social science. With that comes enormous levels of uncertainty in any models. Factor models deserve credit for explaining a lot of past behavior, but some humility is warranted given things like SCG and Mid-cap blend defying the models to outperform the favored factors. Yup, I also ful...
by siamond
Sun Jun 23, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

On your broader question--assembling historical data back in time always introduces biases, even when the work is thorough. For example, in classifying stocks as value or growth, I'm almost certain that Russell did not use point-in-time data (since the oldest point-in-time database only goes back t...
by siamond
Sun Jun 23, 2019 2:57 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

... As far as I know, the first SCV index we have is Russell 2000 Value, which starts in 1979. But that too is a re-created uninvestable index. Russell didn't even exist until 1984 , their style indices came much later (sometime in the 90's), and they've had to re-formulate their methodology for co...
by siamond
Sun Jun 23, 2019 2:19 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

That about what one would have logically expected to see given the higher expense ratio of the active funds vs. the partially simulated backtesting series. But, the 1.5% gap been the index series and the active series is somewhat larger than I would have expected to see if the expense ratio was the...
by siamond
Sat Jun 22, 2019 10:55 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

That about what one would have logically expected to see given the higher expense ratio of the active funds vs. the partially simulated backtesting series. But, the 1.5% gap been the index series and the active series is somewhat larger than I would have expected to see if the expense ratio was the...
by siamond
Sat Jun 22, 2019 9:29 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

I can see the countries with the huge drawdowns and also that you state this was largely when inflation ravaged the bonds. Is there a way to see the specific instances when that happened? Was France's experience dramatically different from Japan and Portugal for example or were they all from a simi...
by siamond
Sat Jun 22, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

I wonder if it's quite this straightforward. Maybe things that contributed to small-cap value performance in past times were much higher trading costs (high bid/ask spreads, high commissions), less (or no) understanding of factors, less ability to analyze and understand the stocks, etc. None of the...
by siamond
Sat Jun 22, 2019 3:49 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

I particularly like Vanguard's LifeStrategy Moderate Growth Fund (VSMGX) which has a 60/40 global stocks/bonds allocation with some US home bias. [...] I think that this fund could be a one-stop investment for many US investors. It's funny, I started to write a sentence about LifeStrategy funds for...
by siamond
Sat Jun 22, 2019 2:53 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

Any practical takeaway advice from your above statements, especially with regard to the first about bonds not helping? Thanks a lot for the fascinating information and analysis. Well, when I said that 'bonds didn't help', I was referring to some of the truly abysmal cases when both stocks AND bonds...
by siamond
Fri Jun 21, 2019 10:57 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

[...] My take is that tentative conclusions can be made from the data but we have to understand the limitations of the data itself and the context of changing market and economic environments over time. Pretty much saying this is all slippery. So we should study this, draw the best conclusions we c...
by siamond
Fri Jun 21, 2019 7:21 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

Based on the exchange with siamond above, it appears that there is a current (as in best research data) data-set that goes back to 1926 that is derived from the original Fama/French data sets. Nisiprius should try that data. This is the Small-Cap-Value (and Large Cap Blend) data series in the Simba...
by siamond
Fri Jun 21, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

The French Dartmouth database used to publish 2 sets of returns, called "Research" and "Benchmark." The Research data includes revisions for data errors that are discovered. It is my understanding that the Benchmark data was provided in order to be able to precisely replicate prior studies. It is a...
by siamond
Fri Jun 21, 2019 1:33 pm
Forum: Non-US Investing
Topic: MacroHistory database data sources - Q&A and Feedback
Replies: 4
Views: 367

Re: MacroHistory database data sources - Q&A and Feedback

Well, I am not very successful in getting the authors of the study to chime on this thread... Will keep trying. In the mean time, I'll keep documenting some findings. FEEDBACK#1 : the US stock annual returns derived from Prof. Shiller are time-shifted and not consistent with the way Prof. Shiller hi...
by siamond
Fri Jun 21, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 500 Index Expense Ratio History
Replies: 9
Views: 1187

Re: Vanguard 500 Index Expense Ratio History

This is strictly from memory, but I remember reading some Vanguard literature, probably in the early 1990s [...] Thank you for sharing such historical perspective, I know I suffer from recency bias when it comes to costs and it's good to get such trigger to go look it up... Here is an updated graph...
by siamond
Fri Jun 21, 2019 11:43 am
Forum: US Chapters
Topic: Master thread - Providence, Rhode Island Bogleheads Chapter
Replies: 28
Views: 5757

Re: Master thread - Providence, Rhode Island Bogleheads Chapter

tarmangani wrote:
Fri Jun 21, 2019 7:57 am
Bump, hope to see some of you folks tomorrow. We're cover some Rogerian rhetoric/argument. Who wouldn't love that? =)
You had me look it up on Wikipedia... Yep, this is definitely a significant shortage of this type of rhetoric nowadays in some contexts... :shock:
by siamond
Thu Jun 20, 2019 11:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 500 Index Expense Ratio History
Replies: 9
Views: 1187

Re: Vanguard 500 Index Expense Ratio History

HawkeyePierce wrote:
Thu Jun 20, 2019 11:17 pm
Does anyone know the history for the various institutional share classes?
From a very cursory investigation, the ER was reported as 0.01 since the (very recent) inception of VFFSX. But... I never paid attention to such institutional funds, so I might be missing something...
by siamond
Thu Jun 20, 2019 11:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 500 Index Expense Ratio History
Replies: 9
Views: 1187

Re: Vanguard 500 Index Expense Ratio History

Here you are, I charted both the Investor fund (VFINX) and the Admiral fund (VFIAX).

Image
by siamond
Thu Jun 20, 2019 10:30 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

To placate the fanatics, just throw out all of the controversial early 70's data, and use a different argument: LV beat LB SB beat LB SV lost to SB Why is that? It's for two reasons: 1. Randomness 2. Morningstar category averages are unreliable ...but if the reason is number 1 more than number 2, t...
by siamond
Thu Jun 20, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

On the other hand, I think there are issues with using academic paper data--and, by the way, Ken French has removed the back-to-1926 "historical benchmark returns" from his "data library" website. Nisi, setting aside our other disagreements for a minute, I am not too sure what you are referring to ...
by siamond
Thu Jun 20, 2019 10:11 am
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

As you can see, these seven funds whose portfolios which actually were investing in SCV/MCV stocks during the observed time period had a CAGR of 10.83% versus a CAGR of just 2.91% for the Morningstar Category Average. There's literally no way that the category average for this time period reflects ...
by siamond
Thu Jun 20, 2019 8:09 am
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

If Fund A would have been categorized as SCV in 1975 but is categorized as LCV now, the SCV category returns from 1975 no longer include the returns of Fund A . Are you sure about that? This is a very open question, I am NOT pushing back you on you as I know all too well how lousy Morningstar tends...
by siamond
Wed Jun 19, 2019 10:34 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

I don't know how to approach the endpoint problem. As I mentioned, and as is clear if you look at the charts for large-cap blend and small-cap value alone, it basically all comes down to two time periods, two "bursts:" 1970-1975 and 1999-2004. SCV did great during 1999-2004. In the category average...
by siamond
Wed Jun 19, 2019 10:18 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

...the use of inconsistent allocations, 60/40 against 50/50). How relevant is that for passive investors pondering about low-cost passive SV/LB funds? Er, not really? ... I have to think that equalizing risk is reasonable. Comparing the return of two portfolios with different volatilities is not ap...
by siamond
Wed Jun 19, 2019 7:55 pm
Forum: Investing - Theory, News & General
Topic: Exploring SCV diversification with Morningstar category averages, 1968-2018
Replies: 93
Views: 4633

Re: Exploring SCV diversification with Morningstar category averages, 1968-2018

It seems to me that all the OP may have demonstrated is that index funds handily beat active funds (after expenses), and that starting years and time periods matter... The way Morningstar computes so-called benchmarks is by averaging the post-expenses returns of all funds categorized in a given mark...
by siamond
Wed Jun 19, 2019 4:41 pm
Forum: Investing - Theory, News & General
Topic: Momentum telltale chart?
Replies: 10
Views: 1086

Re: Momentum telltale chart?

Thanks for the analysis, Siamond. What data source was used for MTUM? Is it cross-sectional momentum or time-series momentum? What are the defined parameters for momentum? Will, don't you know that the data sources for the Simba backtesting spreadsheet are carefully documented in the spreadsheet it...
by siamond
Mon Jun 17, 2019 8:07 pm
Forum: Non-US Investing
Topic: MacroHistory database data sources - Q&A and Feedback
Replies: 4
Views: 367

Re: MacroHistory database data sources - Q&A and Feedback

I'm pretty sure that authors used annual averages, as inflation calculated from single CPI readings 12-months apart is quite volatile. Taking the average of 12 readings, annually, gives a better assessment of inflation without as much volatility. Maybe they did the same with US data? Yes, it seems ...
by siamond
Mon Jun 17, 2019 7:19 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

Now, it seems a tad surprising to see Japan leading the pack for the SWR graph in the previous post. But we're speaking of 30-years cycles, and a data set that stops in 2015. Which means we don't have a cycle that starts right before the asset bubble burst in Japan. To put things in perspective, I c...
by siamond
Mon Jun 17, 2019 7:07 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

Here are the same graphs, restricted to the 1950-2015 time period, hence a time of relative peace and stability. 60/40 asset allocation, all domestic. First off, the annualized returns (real CAGR). Instead of simply looking at the CAGR over this long time period, I looked at the median value of 30-y...
by siamond
Mon Jun 17, 2019 3:17 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

It would be interesting to see how post 1970 data compares to your findings here: https://finpage.blog/2017/03/25/investing-in-the-world-part-2 Yes, I have such goal in mind, of course. Trouble is we don't have a proper total-world return series, which would be needed to confirm (or disprove!) the ...
by siamond
Mon Jun 17, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 457
Views: 105421

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

With the release of the JST (Jorda-Schularik-Taylor) database of global returns, I thought I'd take a quick play with it by resurrecting this old thread and seeing how PrimeHarvesting did versus a 60/40 portfolio with annual rebalancing in the various countries the JST database provides returns for...
by siamond
Sat Jun 15, 2019 12:16 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 92
Views: 7500

Re: Walking Cities, potential for retirees

I am spending a few days in San Francisco, I found a nice Airbnb in the Noe Valley neighborhood, close to Mission District. This perfectly fits the OP's description. That is, if you don't mind walking up and down the hill!
by siamond
Fri Jun 14, 2019 7:56 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

For those of you not willing to play with a spreadsheet yourself, I assembled a few graphs, focusing on a 60/40 (all domestic) asset allocation. I focused on the 1925+ time period, because before that we have various data holes and some countries had a few years of hyper-inflation which made the num...
by siamond
Fri Jun 14, 2019 7:14 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

I assembled a custom version of the Simba backtesting spreadsheet , where I included the equity and bond total returns from the MacroHistory database, for the 16 countries which have such data series. You can download the custom spreadsheet here . It works best with Microsoft Excel, but it should wo...
by siamond
Fri Jun 14, 2019 5:06 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

After swapping a couple of e-mails with one of the researchers involved in this project, I decided to open a separate thread to discuss the data sources (to ask clarifying questions and provide feedback/suggestions) and try to foster interactions with the authors. The intent (data sources and result...
by siamond
Fri Jun 14, 2019 5:01 pm
Forum: Non-US Investing
Topic: MacroHistory database data sources - Q&A and Feedback
Replies: 4
Views: 367

Re: MacroHistory database data sources - Q&A and Feedback

Let me start by asking a clarifying question. In the dataset, the 'cpi' variable is described as a consumer price index with no further qualification. In the documentation, I couldn't find any more information about it, in general or in the specific case of the US. In the main article (section II.C....
by siamond
Fri Jun 14, 2019 4:50 pm
Forum: Non-US Investing
Topic: MacroHistory database data sources - Q&A and Feedback
Replies: 4
Views: 367

MacroHistory database data sources - Q&A and Feedback

A groundbreaking study ('The Rate of Return on Everything') was recently updated, documenting historical annual returns and rates for stocks, housing, bonds and bills worldwide for more than a century, for 16 countries. The corresponding findings are discussed on a thread initiated by SimpleGift. Th...
by siamond
Thu Jun 13, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Momentum telltale chart?
Replies: 10
Views: 1086

Re: Momentum telltale chart?

While I am at it, I looked at drawdowns and the Telltale chart (the OP's question!). Here they are, using the corresponding Simba tools. http://i.imgur.com/BYOwOBeh.jpg It is interesting to see that momentum didn't display much of a premium in the first 15 years (was the momentum effect dead before ...
by siamond
Thu Jun 13, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: Momentum telltale chart?
Replies: 10
Views: 1086

Re: Momentum telltale chart?

This is what fascinates me about momentum. I am a very strong believer in market efficiency, and momentum is purely behavioral. So my natural inclination is to not have much faith in it. At some point though, one has to believe the data. It’s strong for both CS Momentum and CS Momentum. I wonder wh...
by siamond
Thu Jun 13, 2019 10:06 am
Forum: Investing - Theory, News & General
Topic: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium
Replies: 65
Views: 5297

Re: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium

The Fundadvice Ultimate Buy & Hold portfolio has been the worst of the lazy portfolios tracked over the last decade at MarketWatch https://www.marketwatch.com/lazyportfolio Are we supposed to take meaningful conclusions from a decade of performance? Certainly not. This being said, in all fairness, ...
by siamond
Wed Jun 12, 2019 6:35 pm
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6810

Re: Downsides of VPW?

longinvest wrote:
Wed Jun 12, 2019 4:26 pm
What matters is the variability of total income. The new VPW Accumulation And Retirement Worksheet makes this explicit. It even illustrates how a deferred pension dampens income volatility. [...]
Yup, fully agreed with that.
by siamond
Wed Jun 12, 2019 2:06 pm
Forum: Investing - Theory, News & General
Topic: Karsten (Early Retirement Now) Pens a Challenge to Merriman and the Small/Value Premium
Replies: 65
Views: 5297

Re: Karsten (Early Retirement Now) Pens a Serious Challenge to Merriman and the Small/Value Premium

Yeah, I read the piece this morning too. And yawned too. First off, he's using the numbers from the French-Fama library, the 5 factors series, where the breakdown between small and large bears absolutely no resemblance to the breakdown used by regular industry indices, and where value is a breakdown...
by siamond
Wed Jun 12, 2019 11:09 am
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6810

Re: Downsides of VPW?

My point was "your" VPW is probably volatile primarily because your #1 asset is stocks, not because it's VPW. So I"m just saying I think it's unfair to accuse the method of causing the volatility if one is insistent on having an equity percentage higher than, say, Vanguard Target Retirement Income ...
by siamond
Wed Jun 12, 2019 10:54 am
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

Yup, using a pivot table to unpack the data is an excellent suggestion, Ladygeek. I started to look at the Total-Return data (numbers as well as data sources). US first. http://i.imgur.com/kzI2sVyl.jpg Looking at the data sources, they used Shiller to compute the US equities total return (good choic...
by siamond
Wed Jun 12, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: Downsides of VPW?
Replies: 101
Views: 6810

Re: Downsides of VPW?

If I'm understanding this right, the catch to that alternative method is that it introduces some Sequencing of Return Risk (SoRR), which is arguably the greatest risk a portfolio is exposed to in early retirement. VPW has no SoRR. Yeah but it has a lot of sequence of income risk. This is a terrific...
by siamond
Tue Jun 11, 2019 9:31 pm
Forum: Investing - Theory, News & General
Topic: Reversion to the mean: Charts please?
Replies: 6
Views: 779

Re: Reversion to the mean: Charts please?

hungrywave wrote:
Thu May 30, 2019 11:57 am
AlohaJoe wrote:
Thu May 30, 2019 4:36 am
The Simba backtesting spreadsheet offers this chart: https://www.bogleheads.org/wiki/Simba%2 ... tale_chart
Wow! Thank you, AlohaJoe! This is JUST what I was looking for. The Bogleheads community is amazing. :P
That's good to hear! :sharebeer
by siamond
Tue Jun 11, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: Momentum telltale chart?
Replies: 10
Views: 1086

Re: Momentum telltale chart?

I don't believe momentum is available through Simba's backtesting spreadsheet. https://www.bogleheads.org/wiki/Simba%27s_backtesting_spreadsheet#Telltale_chart Actually, it is, check the MTUM data series. Here are the data sources: - MSCI USA Momentum GR USD 1982-2013 (which is the index tracked by...
by siamond
Tue Jun 11, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: [Calculating future Social Security benefits: How do I adjust the discount rate?]
Replies: 44
Views: 2805

Re: [Calculating future Social Security benefits: How do I adjust the discount rate?]

A few posts ago, I stated the following - and started to get some flak... :wink: Now in presence of such variability, what is the thing that stays constant? It is the simple fact that money not withdrawn from one's portfolio stays invested in said portfolio (with the AA chosen by the owner)... There...
by siamond
Tue Jun 11, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: [Calculating future Social Security benefits: How do I adjust the discount rate?]
Replies: 44
Views: 2805

Re: [Calculating future Social Security benefits: How do I adjust the discount rate?]

How sensitive depends on the particulars. Consider the following table. [...] Nice work, thank you for sharing. This actually reinforces me in my attempt to better rationalize the discount rate to be used in such SS/pre-SS calculations. I swapped a few e-mails with Mike as we seemed to be quite at ...
by siamond
Tue Jun 11, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Time Value of Money vs. Variable Percentage Withdrawal (VPW)
Replies: 122
Views: 9855

Re: Time Value of Money vs. Variable Percentage Withdrawal (VPW)

I downloaded and began working with your spreadsheet. Perhaps I’m missing something, is it possible to move the SS and recurring input values to row 0? Will this have any effect on the calculations? I’m retired and currently collecting both SS and a pension. Having those inputs begin 6-10 years out...
by siamond
Mon Jun 10, 2019 5:21 pm
Forum: Non-US Investing
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 155
Views: 29558

Re: Study: The Rate of Return on Everything, 1870-2015

The updated paper was finally published [...] Unfortunately, following the link to the underlying database, the dividends are still missing. I'll wait a few days and ping the authors... I just pinged one of the authors, who was kind enough to answer right away. The new data is available in Stata fo...