The Stingy News Weekly (12/20/2015)
Stingy News Flash
I like the idea behind Bloomberg's Jealousy List, which I've linked to below. In that spirit, let me know about the best article (or book) you've read this year from someone other than yourself or myself. I'll share the best suggestions in the new year.
Email your nomination to email@example.com
Jealousy List 2015
"But throughout the year we are also reading, and every so often we feel a little twinge of jealousy: We wish we'd published that. What follows is our attempt to curate those twinges, and present a list of some of the best stuff we read this year." [Media]
A great brewer
"One of the greatest minds in 20th Century statistics was not a scholar. He brewed beer. Guinness brewer William S. Gosset's work is responsible for inspiring the concept of statistical significance, industrial quality control, efficient design of experiments and, not least of all, consistently great tasting beer." [Science]
The Pigeon King
"Galbraith's reign as Pigeon King lasted seven years, from 2001 to June 2008, when his empire imploded. The prosecution likened his company, Pigeon King International, to a Ponzi scheme - much like Bernard Madoff's operation, which happened to crumble just months after Galbraith's, except that where Madoff's scheme centered on stocks and securities, Galbraith's used live birds. Pigeon King International sold breeding pairs of pigeons to farmers with a guarantee to buy back their offspring at fixed prices for 10 years." [Crime]
Backtesting: a cautionary tale
"The failure to see consistent outperformance from the group as a whole has made me increasingly skeptical of investment approaches that claim to be data-driven. In my view, such approaches receive too much trust and respect, and not enough scrutiny. They hold a reputation for scientific credibility that is not deserved." [Momentum Investing]
"Buying high momentum has had a rough 15-years relative to longer-term history, but avoiding poor momentum has continued to work quite well." [Momentum Investing]
William Smead interview
"Smead Value Investor fund.s William Smead explains why his concentrated, high quality, low turnover approach has delivered top investment performance." [video] [Value Investing]
DOW 30 Value Screens
S&P/TSX60 Value Screens
The Rothery Report
(Learn More | Subscribe)
The Rothery Report provides research on select deep-value stocks in North America. Discover overlooked and undervalued stocks in quarterly investment reports which provide detailed analysis of Canadian and U.S. stocks. Weekly email news and additional updates keep subscribers informed about new opportunities and developments.
|Disclaimers: Consult with a qualified investment adviser before trading. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, financial advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. More...