Run, don’t walk, to read Jason Zweig’s new column – in which he details professional value investor Guy Spier’s quest to become a better version of himself. In the piece, we learn about the need to form opinions from “primary sources” rather than outside commentary, the benefits of maintaining a quiet room devoid of electronics,…

This Wednesday night, the financial media came out in force to help Jeff and I kick off the launch of our new book, Clash of the Financial Pundits, at Social Bar & Lounge, NYC. Thanks to everyone for helping us get the word out! Here were the most read posts on TRB this week, in case…

Cartoon by Scott Stantis, Chicago Tribune GM’s teaching a course in what not to do when disaster strikes. Each week bring fresh news of more defects, recalls, hits to earnings and potential lawsuits. The company’s hedge fund shareholders are dumping with abandon as management seems utterly incapable to get ahead of the news flow. When will…

Video

Chart below from Credit Suisse via CNNMoney:   The S&P 500 currently sells at a cyclically adjusted PE (a smoothed out multiple of ten years’ worth of earnings) of 25 right now. History suggests that the next five years are likely produce subpar returns for US stocks, on a go-forward basis, of just 2.7% annualized…

I had a really nice time chatting with BNN about “Clash” this week. The wide-ranging discussion can be watched here: BNN Video

The below chart comes to us from Bank of America Merrill Lynch’s recent global equity strategy report. You’re looking at a table listing the world’s equity markets (in billions) along with some fundamental and valuation data. The table starts with the MSCI All Country World Index (or ACWI), which is what we benchmark our own…