Famed investor Joel Greenblatt shared a market overview and discussed where he thinks his firm’s strategy stands given today’s market environment.
There were a lot of Seinfeld references on FinTwit this week. Cliff Asness asks whether, given his firm’s relative underperformance, they should adopt a George Costanza (ie. do opposite) portfolio?
Josh Brown writes a tour de force on the political impact on markets that is simply excellent. A must read here.
Michael Batnick shows the grinding nature of a bull market and the quick destruction a bear market wreaks on portfolios.
Ben Carlson asks whether the stock market can predict the next recession?
While combing through the Investor Field Guild Podcast archives I stumbled upon two excellent episodes I hadn’t listened to before.
- The first was the interview between Patrick (son) and Jim (father) O’Shaughnessy where some backstory I wasn’t familiar with is shared as well as a bunch of (surprise) book recommendations.
- The second was a discussion with Ted Seides elaborating upon his famous bet with Warren Buffett. It’s part of a larger conversation with a separate podcast including both Patrick, Ted, and Brent Beshore that’s just filled with intellectual firepower.
Thursday was a big day of literally getting some important things done on the farm and a trip to the big city. Look for a rundown on that this weekend.