Stingy Investor The Rothery Report
  Home | Articles | Screens | Tools | Links | SNW | Rothery Report
 
New Stingy Headlines

 07/31   The Stingy News Weekly: July 31, 2015SNW 
 07/31   Dividend yield a value factor?Dividends 
 07/30   Ignore the FedBonds 
 07/30   Humans are underratedTech 
 07/30   Alpha woundsFunds 
 07/30   Destination unknownEconomics 
 07/26   The Stingy News Weekly: July 26, 2015SNW 


Most Recent Stingy News

The Stingy News Weekly: July 31, 2015
07/31/15 4:57 PM ESTSNW
I'm pleased to present our free letter for the week ended July 31, 2015. This week we have dividends, the Fed, price floors, and more."
More SNW: The Stingy News Weekly: July 26, 2015
The Stingy News Weekly: July 19, 2015

Dividend yield a value factor?
07/31/15 4:01 PM ESTDividends
"Prior to the financial crisis bottom (pre-2009), the higher yielders were cheaper than the next bucket (2-4% yield) 92% of the time. Since 2009, they've only been cheaper 30% of the time."
More Dividends: Dogs of The Footsie
The power of share repurchases

Ignore the Fed
07/30/15 10:29 PM ESTBonds
"Instead of hanging on every Fed utterance, let me suggest you take a different approach. Take one phrase from the Fed as your mantra: data-dependent."
More Bonds: Crisis in Illinois
Nestle is getting paid to borrow money

Humans are underrated
07/30/15 10:20 PM ESTTech
"We humans have good reason to be uneasy. Strange things are happening in the economy. Ever fewer men of prime working age - the group that historically has been the most thoroughly employed - are working, and while several factors are feeding the trend, most economists believe that advancing technology is one of them. In factories and offices, on construction sites and behind counters, technology keeps doing more jobs better than people."
More Tech: Self-driving cars and insurance
Refracking is the new fracking

Alpha wounds
07/30/15 10:01 PM ESTFunds
"Chief among the alpha wounds is that the benchmark tail wags the portfolio management dog. What I mean is that benchmarks were supposed to be the foundation for understanding a portfolio manager's performance after the fact. Instead the investment industry evolved so that benchmarks are now the navigational compass for investment managers before the fact."
More Funds: Advisors behaving badly
Cliff Asness interview

Destination unknown
07/30/15 9:49 PM ESTEconomics
"Fed up with pay increasing only at a snail's pace, politicians are resorting to the law instead, by increasing the minimum wages that businesses must pay. But this is taking them into uncharted territory."
More Economics: The minimum-wage muddle
What's wrong with finance

The Stingy News Weekly: July 26, 2015
07/26/15 8:05 PM ESTSNW
I'm pleased to present our free letter for the week ended July 26, 2015. This week we have dividends, real estate, the big one and more."
More SNW: The Stingy News Weekly: July 19, 2015
The Stingy News Weekly: July 12, 2015

A value asset allocation strategy
07/25/15 9:47 PM ESTValue Investing
"After enduring years of frustration trying to identify a valuation-based asset allocation technique.that actually worked.I think the team at Gestaltu is on to an interesting concept. By simply looking at real spreads between equity valuations and realized inflation (high spreads are good for equity; low spreads are bad for equity), one can devise a timing rule that captures most of the upside, but protects on the downside. Of course, this is all historical data and could very well be an exercise in data-mining. That said, the concept of buying equity assets when they have much higher yields than current inflation, is intuitively appealing."
More Value Investing: Why people repeat financial errors
High conviction buybacks

A survey of equity valuation models
07/25/15 9:45 PM ESTMarkets
"Our forecast for core U.S. equities is a 0.8% annualized real return over the next decade."
More Markets: How the dollar store war was won
S&P 500 unhinged from reality

The really big one
07/25/15 9:43 PM ESTScience
"A thirty-second earthquake generally has a magnitude in the mid-sevens. A minute-long quake is in the high sevens, a two-minute quake has entered the eights, and a three-minute quake is in the high eights. By four minutes, an earthquake has hit magnitude 9.0."
More Science: Half of the facts you know are probably wrong
False positives

The minimum-wage muddle
07/25/15 :9:41 PM ESTEconomics
"Raising the minimum wage will produce winners among job holders from all backgrounds, but it will disproportionately punish those with the lowest skills, who are least likely to be able to justify higher employment costs."
More Economics: What's wrong with finance
A liberal heretic contradicts Piketty

Housing market still not rational
07/25/15 9:39 PM ESTReal Estate
"The housing market is another matter. It is far less rational than even the often irrational stock market, for a couple of important reasons. First, most investors find it difficult to understand how housing supply responds to changes in demand. Only a small minority of people think carefully about such things. Second, it is very hard for the minority of smart-money investors who do understand such matters to bet against bubble-level prices in real estate markets. In housing, the smart money has relatively little voice."
More Real Estate: What's scary about mortgages in Canada
Sell Oakville, buy Windsor

Index funds may work too well
07/25/15 9:37 PM ESTIndexing
"I have a good laugh every now and then about the people who think that index funds should be illegal because they make companies less competitive, but honestly it's a nervous sort of laughter. Those people are up to something, something so big and interesting that it makes them nervous too."
More Indexing: In defense of active investing
Is it time to dump market-cap weighting?

Dividend stocks aren't immune from downturns
07/25/15 9:36 PM ESTStingy Investing
"Income investors love dividend stocks and for good reason. But dividend stocks aren't immune from downturns and conservative retirees should think twice before spending all of their dividend income."
More Stingy Investing: Ride out market tempests
Extreme saving gone wrong

Why people repeat financial errors
07/25/15 9:34 PM ESTValue Investing
"This week on our Masters in Business radio podcast, we speak with Howard Marks, co-chairman of Oaktree Capital Group. In our discussion, Marks explains what 'second-level thinking' means for investors and why so many people make the same financial errors."
More Value Investing: High conviction buybacks
O-score and distress risk

The Stingy News Weekly: July 19, 2015
07/19/15 5:54 PM ESTSNW
I'm pleased to present our free letter for the week ended July 19, 2015. This week we have burgers, cars, China, and more."
More SNW: The Stingy News Weekly: July 12, 2015
The Stingy News Weekly: July 5, 2015

High conviction buybacks
07/18/15 10:22 PM ESTValue Investing
"the high conviction companies have gone on to ourperform the average large stock by about 3.3% in the subsequent year, while the low conviction firms haven't really delivered much excess return at all (just 0.5%, on average)."
More Value Investing: O-score and distress risk
The evolution of a value investor

Burger benchmark finds greenback too dear
07/18/15 10:14 PM ESTWorld
"Exchange rates are currently being buffeted by the euro crisis, the growing likelihood of a rise in interest rates in America, China's slowing economy and the sharp drop in the oil price, one of the drivers of the rouble's slump. By showing how much these forces have driven different currencies off course, the Big Mac gives a flavour of what may be to come."
More World: Could China be the next Japan?
China crash bigger than subprime

Could China be the next Japan?
07/18/15 10:12 PM ESTWorld
"China today is very similar to Japan in 1990, and the world's No. 2 economy should be wary of repeating the policy mistakes of Japan"
More World: China crash bigger than subprime
Successful Austerians

China crash bigger than subprime
07/18/15 10:11 PM ESTWorld
"Hedge fund manager Paul Singer said that China's debt-fueled stock market crash may have larger implications than the U.S. subprime mortgage crisis, echoing warnings from fellow billionaire money managers Bill Ackman and Jeffrey Gundlach."
More World: Successful Austerians
Poorer than Greece

Successful Austerians
07/18/15 10:09 PM ESTWorld
"Post-1990 Canada certainly looks like a country with successfully managed fiscal and monetary policy. The federal government brought fiscal policy under control and reduced the burden of government debt, and the central bank adhered to its announced inflation target. How did they do it? In the 1995 federal budget, some well-liked social programs, including government health care, remained more or less intact, and cuts were made in a politically palatable way."
More World: Poorer than Greece
Greece's culture of victimhood

Archive: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15
Submit a Story


Google
WWW Stingy Investor

The Rothery Report

Subscribe | +49.5% | Learn More

Stingy News Weekly

The Latest Edition

Follow Stingy Investor at

RSS | Twitter | YouTube

Read Norm's Articles in

MoneySense
The Globe & Mail
Canadian Business
Canadian MoneySaver

Stingy Stocks

2015: New Picks
2014: Up 6.9%
2013: Up 37.8%
2012: Up 10.9%
2011: Down 16.1%
2010: Up 69.4%
2009: Up 64.5%
2008: Down 40.1%
2007: Down 5.5%
2006: Up 28.9%
2005: Up 29.2%
2004: Up 29.8%
2003: Up 33.8%
2002: Down 1.9%

MoneySense Top 200

2015: New Picks
2014: Up 2.3%
2013: Up 55.0%
2012: Up 13.4%
2011: Down 4.2%
2010: Up 19.7%
2009: Up 41.0%
2008: Down 32.9%
2007: Up 16.2%
2006: Up 37.6%
2005: Up 57.6%

Defensive Graham Stocks

2015: New Picks
2014: Up 5.1%
2013: Up 19.0%
2012: Up 26.6%
2011: Up 4.1%
2010: Up 2.3%
2009: Up 2.2%
2008: Down 6.5%
2007: Up 34.4%
2006: Down 3.8%
2005: Up 46.6%
2004: Up 32.2%
2003: Up 56.8%
2002: Up 28.2%
2001: Up 20.2%

Tools

Asset Mixer
Periodic Table

Our Most Popular Articles

3 Stingy Stocks for 2015
3 Graham Stocks for 2015
3 Stingy Stocks for 2014
A Canadian Graham Stock
4 Graham Stocks for 2014
6 Graham Stocks for 2013
Want outsized profits? Think garage sale

Our Most Popular Topics

Stingy Investing Academia Value Investing Buffett Accounting Banks Stocks

Stingy Investing

Dividend stocks aren't immune from downturns
Ride out market tempests
Extreme saving gone wrong
Check your risk
How to calculate dividend yield
More ...

Academia

A value asset allocation strategy
O-score and distress risk
Buyback extravaganza
Momentum and stop losses
215 years of global multi-asset momentum
More ...

Value Investing

A value asset allocation strategy
Why people repeat financial errors
High conviction buybacks
O-score and distress risk
The evolution of a value investor
More ...

Buffett

Bill Gates and Warren Buffett
The 2015 Berkshire Hathaway AGM
I was wrong on interest rates
Ivey students meet Buffett
Buffett can't find cheap stocks to buy
More ...

Accounting

Ebitda abuse
Ways investors can avoid being duped
Apple not as cheap as it looks?
Stiffen audit rules
The importance of being audited
More ...

Banks

Watch for traps on high interest savings
High-interest accounts have value in low-rate times
Cash is king in an unplugged society
The extraordinary lightness of banking
Fees turning us into the Luddites of bank machines
More ...

Stocks

The rich are getting richer
Back to basics
Seeing the future from the past
Playing big-bank poker
How much does it really cost to mine gold?
More ...

More Stingy Investing

Dividend stocks aren't immune from downturns
Ride out market tempests
Extreme saving gone wrong
Check your risk
How to calculate dividend yield
Timing strategies for value investors
Timing can cause big losses
Value investing is far from dead
Value bears vs. momentum bulls
Q&A: Mawer vs Vanguard
Index roulette revisited
The Top 200 Canadian Stocks for 2015
Big asset growth = big trouble
Is your asset allocation a bit askew? Relax
Retirement 100: Fall 2014
Highlights from Fairfax Lollapalooza 2015
The next generation of value investors
Apple Watch delays findependence
Rock stars of value investing
Dogs ready for a rebound
Value picks from Francis Chou
How fees, taxes, and inflation impact returns
Consistently beating the market is overrated
Problems with the Dow
3 Stingy Stocks for 2015
3 Graham Stocks for 2015
A good strategy should last a lifetime
Hunting for value in the stock market
Learn from Buffett
Testing the Dogs of the TSX
Rummaging through the stock bargain bin
Low-cost investing wins over the long-term
How Taxes Can Impact Your Investments
The Impact of Fund Fees on Long Term Returns
Asset Mixer Update
Periodic Table Update
The best of the biggest
5 triple play stocks to consider
Playing big-bank poker
Super savers, spend your money
Asset Mixer Update
More ......

Established in 1995 with 56,775,804 hits since 1999 About Legal Contact Us
Disclaimers: Consult with a qualified investment advisor 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, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. More...