In response to questions about who I am an how I came to be co-author of the upcoming Market Wizards book, I wrote a little introduction. Have a read if you're interested: triinv.com/about-me

The AQR approach combines traditional price-based trend with fundamental trend. Both approaches have good evictions support their efficacy, but they often perform well at different times.

“…we only need to assume the following to believe that momentum strategies, like value strategies, are sustainable: -Investors will continue to suffer behavioral bias. -Investors who delegate will be short-sighted performance chasers.  We think these are two assumptions we can

Investing quote of the day:

A company is only as good as the hands steering it. Founder-led businesses with high ROIC are gold mines. Capital allocators compound, managers maintain.

We get paid to endure the discomfort.

Good advice. Discretionary traders, including those who are rules-guided, can often benefit from simplifying their process and tuning out a lot of the noise.

Yes, bull markets end on euphoria. So far, we are not seeing that for US stocks. Of course, I will follow the trend.

S&P 500 since Greenspan's irrational exuberance speech

Investing quote of the day:

This series is terrific and well worth reading and rereading!

“Position sizing was 70 to 80% of the game. The reason that struck me is because, first of all, purportedly George Soros made money on fewer than 30% of his trades.” What Stanley Druckenmiller taught Michael Mauboussin on investing

🇺🇸 Truflation US Inflation (YoY): 2.55% After 43 days, the longest U.S. government shutdown in history has officially ended. President Trump signed the funding bill into law last night, reopening federal agencies. But the data blackout caused by the shutdown won’t disappear

The junkier small caps (Russell 2000) continue to break down against profitable small caps (S&P 600). Over time, I expect this relationship to fall through the 2022 low and continue lower.

Lots of people** see global value stocks up 50%+ this year and are wondering if they missed the boat. Is it too late? The green line is the valuation of those stocks, trading at a CAPE of 13...barely a blip. It's still in the shadows of the blue line, trying to break all-time

“The best decisions are often made with data and evidence, not just gut feelings.” - Jim Simons

I'm becoming increasingly convinced that great businesses "sell shovels" aka provide tools that facilitate some dream or another.

Ed Thorp is one of the wisest individuals I have ever encountered. His autobiography, A Man for All Markets, is a must read for anyone interested in investing or trading.

Lou Simpson: Cut your losers, let your winners run. Read full interview here: insight.kellogg.northwestern.edu/article/invest…