361 Capital portfolio manager, Blaine Rollins, CFA, previously manager of the Janus Fund, writes a weekly update looking back on major moves, macro-trends and economic data points. The 361 Capital Weekly Research Briefing summarizes the latest market news along with some interesting facts and a touch of humor. 361 Capital is a provider of alternative…

America is facing its own little demographic headache in the coming years thanks to the declining birthrate, drop-off in immigration and massive wave of retiring boomers… Source:  Visually  

Interesting tidbit here via Reuters… …the level of cash in actively managed stock portfolios has crept up to 3.5 percent of assets, according to Lipper, a Thomson Reuters company. While low on an absolute level, that figure is the highest percentage of cash held by fund managers since the financial crisis in 2008. Everyone’s staying…

Video

This is one of the more hilarious charts documenting the impossibility with which price targets and market forecasts are made each year by Wall Street’s analyst community. Here’s a Morgan Stanley chart via @ukarlewitz of Fat Pitch Financial:   In other words, analysts’ earnings forecasts are, on average, more than 50% higher than where they…

This will be an extremely light week of posting at TRB. Thanksgiving, while sometimes active for the markets, is always a quiet time in terms of client service, meetings and scheduled calls. In the meantime, I’ve got my work cut out for me on the following projects: 1. I’m finishing up my second book right…

David Einhorn, one of my investing idols, lays out his buys and sells for us live from the Robin Hood conference in Manhattan this week… Sometimes I have to make sure I’m awake and not dreaming. This was pretty special for me, I will never forget it. Clips here.

via Eric Peters at wknd notes: “Show me something hairy, disgusting, distressed,” he said to Singapore’s top real estate deal-maker. And I laughed, having always wondered how my buddy conducted meetings. He runs one of America’s greatest family offices. And we travelled across Asia for 2wks, searching for investment themes, cheap assets, insights, talent. “Nothing’s…

I try not to make market or economic predictions because they will mostly be wrong. Everyone else is mostly wrong too but most won’t admit it. I will, whatever. While I admit to have no ability to forecast markets, I am a pretty good predictor of what people will do with their investments –  I’ve…