Random Roger is a blog dedicated to investing. For the most part Roger focuses on the intermediate to long term with his investment wisdom and ideas. He focuses a lot on ETF’s and global investing along with what he is doing with his money and client money. He is very common sense oriented. Of course along with common sense he does his DD on the topics that he writes about. What do I mean by that? Well due diligence is when you realize that you need to actually do research into the big picture, medium picture, and small picture. For instance when he writes about ETF’s he actually looks at the holdings and what makes this ETF different from another ETF with the same theme. Here is a good example of ETF research. Now you might ask “what is so different about that?.” Well I would venture to say that 80% of financial advisers that use ETF’s or Mutual Funds could even tell you one of the top 10 holding for any of its funds, or what the expense ratio is, or a host of other factors. Most just know that the SPY is the SP500, OIH is the oil industry, etc. Not very detailed oriented. Contrast that with Roger who not only looks at the big picture but the micro picture as well. Remember the devil is in the details.
A few other notes about this blog is that he has been at it for three years now. A long time for a blogger. He also does a weekly review video that he posts using YouTube. He calls it the Big Picture. Overall this site has a lot of good info. Both current ideas as well as just good investment habits are written almost daily on this site. If you are sick of high strung Jim Cramer then give low key and calm RandomRoger.com a visit and actually learn.
The Big Picture
If you are into trading, finance, or really anything to do with the financial markets you should be reading Barry Ritholtz regularly. If you like Jazz you should stop by at least weekly. You might be wondering why would I go to a market blog to read about music? Well Barry does an excellent job of blending together his primary interests. If you got to his site you will see that in the header he has six different categories. They are Markets, Economy, Federal Reserve, Housing, Energy, and Digital Media. He uses the digital media category quite liberally covering everything from the Ipod and what it has done for APPL to Friday Night Jazz.
That being said the vast majority of his content is related to the markets. He posts at least once a day but usually 2-3 times. He hails from the trading world and then became a market strategist. These days he runs his own research firm Ritholtz Research and Analytics. The research is good, clean, and easy to read. That talent comes through on his blog. In addition to the blog and the research firm Barry also writes for TheStreet.com.
Here are some samples of his work.
One from today explaining where the SP500 returns have come from SP500
Here is one on The Baltic Dry Index. Have you ever heard of it? Well it is actually useful so read this post and learn about it.
And the the whopper. Here is one of many excellent articles on the housing market and its effects on other industries and sectors Housing Slowdown and its Effects. If you want to know more about housing and the economy Barry is the man. He has a ton of posts related to this and they are well written so that the layman can read it and the professional can profit from it.
As you can tell I like this blog. I have been reading it for a few years now and throughout the trading day I go back to it 1-3 times. Yes, I get it in my RSS reader but guess what? I like reading the whole thing right away with all the charts. Whereas many of my feeds I read the headline and move on I think I read 90% of his posts all the way through. So go and make The Big Picture part of your daily readings. You will become smarter after day 2.
NakedShorts.com is a site dedicated to Wall Street and more specifically hedge funds, private equity funds, and other controversial subjects related to the street. Greg Newton is the writer and he has a sense of humor. Most of his posts are relatively taboo (except for nothing is taboo on Wall Street). Here is an example of a recent post regarding Red Sox owner and CTA fund manager John Henry. If you are a Sox fan and were wondering why they couldn’t bid as high as desired for The Rocket this might be the reason. Most of his funds are down 30% or more. WIll he rebound? Probably but that is yet to be seen.
He also follows other controversies such as this one Refco figure at Man Financial. In case you were wondering Refco is a futures brokerage that blew up a while back and lost a lot of customer money in the process.
If these types of posts of Wall Street gossip/news interest you then you will love Naked Shorts.com. He posts quite regularly so if you want to stay up to date stop in every day or two. Or as I do just put it in your RSS reader.
Crossing Wall Street.com
I get onto Crossing Wall Street.com almost every day. Why? Because it is full of common sense investment related information. Some of my favorite types of posts that they do are like this one US Stocks in Euro’s and in their earnings charts such as this one on VAR.
Crossing Wall Street does a good job of molding common sense with sensical commentary. While this review is short I must say that it is a blog worth visiting often (they post several times a week).
Mish’s Global Economic Trend Analysis
Mish is awesome. His economic blog is one of the best free or paid economic resources on the internet. He has been online for about 2 years now and is going strong as ever. He posts 5-7+ times a week and almost all of his posts are more like articles. He goes in depth on his topics and knows them quite well. He stays on topic and only talks about the global economy. Here is a recent article talking about Real World versus the Financial World. Here are a few debunking articles where he points out flaws in the way that some of the government agencies account for economic numbers Birth Death Model Fatally Flawed and Scroll down to the M3 model. Both of these are very well written and make sense.
Whether you agree with Mish or not his economic thoughts are very worth reading. He is thought provoking and informing. If you enjoy reading about the economy or would like to learn more, I encourage everyone to go and read Mish’s blog. He is one of the best and he is free.
Paul Kedrosky.com has been on my multiple times a day blog visiting list for a few years now. Paul comes from a Venture Capital background. Among other things he was an internet analyst in the early days of this great thing we call the internet. Basically he knows his %#$!.
But seriously the reason I go to his blog at least a few times a day is because he is just plain smart. In addition he has developed enough contacts that he also gets very timely business news. He writes a weekly column for TheStreet.com called Weekend Reading. I read it every week. He also regularly has funny articles poking fun at his fellow venture capitalists Top 10 Limited Partner Lies.
If you are into business, investing, technology, or investments you should be reading this blog. I do it every day.
WorldBeta.com is run by an experienced finance professional Mebane Faber. He does a lot of research for timing systems and endowment type portfolios. He wrote an excellent paper on a five asset class timing model called A Quantitative Approach to Tactical Asset Allocation It is essentially a long term trend following system that is able to match equity returns with less than 1/4 the risk. Good paper and smart guy.
He has also done a lot of research into Guru Portfolios. Basically this is where you look at extremely successful investors such as Seth Klarman, Warren B, Steve Cohen, and the other hedge fund greats and then look at their holdings. He follows several of these on StockPickr but has articles on his blog about them as well Guru Stocks
I have been following Mebane’s blog ever since he released his paper and can say without reservation that it is worth reading. He also does a good job selecting and mentioning books he is reading and you would be well advised to read them as well. World Beta is definitely a must read.
Trading, Hedge Fund, Asset Allocation, Market Timing
LongorShortCapital.com is one of the funniest financial blogs I read. They basically make fun of anything and put a financial spin on things. This is how they describe themselves.
“At Long or Short LLC, we leverage our superior intellect and extensive investing experience to recommend explicit Long or Short positions and related abstract trades, which may or may not be possible with real world financial derivatives. We use science to improve the lives of the rich.”
Here are a few of their many excellent posts.
Pretty much everything on the site is like this. Funny and yet true. Here is a recent post on a press release.
Read it and tell me its not totally accurate. These guys (based on some of the posts I assume they are guys) are active in the financial world and in their spare time have basically built the financial equivalent of TheOnion.com except funnier.
Humor, Investing, Hedge Fund, Onion
Well if you trade and read blogs you have probably come across Brett Steenbarger’s site TraderFeed. If you have not then you should make it a daily visit. I have been a reader of Brett’s for a long time. He is a Trader/Sports Psychologist that works to help Traders overcome the many psychological hurdles that we all have. He has written “The Psychology of Trading (Wiley, 2003) and Enhancing Trader Performance. I have The Psychology Of Trading and can attest that it is an excellent book.
One of the best things about the TraderFeed blog is that Brett is very giving in his knowledge and research. He actively trades himself so he is not just espousing theories. He actually works with a few trading floors so for the most part he is not helping unprofitable traders become profitable but instead is helping already fairly successful traders overcome their boundaries.
I mentioned that he does a lot of trading research as well and has done a tremendous amount of work with money flows and the Tick. If you go to his blog almost every week he has a post concerning both of those topics A TICK post and Sentiment Money Flow. His research for the most part is quite original and useful.
He also has a good take on what he is doing. He has noted that his 50K+ visitors a month could bring him some decent money but makes no effort to monetize his site. He comes from an academic background and he really just wants to share what he has learned. He has posted about it and it has proven to be true over the past couple of years. Give this site a look and add it to your feeds. I read it every day and can’t recommend it enough.
Happy Blogging and Trading,
Book, Trading, Psychology, Blog
Abnormal Returns is one of my daily investment related blogs. Everyday they post a list of links with some added commentary. Some might just call this a linkfest but most of the time they add useful info to each link and they use a wide variety of information.
They describe their title with this-
The component of the return that is not due to systematic influences (market-wide influences). In other words, the abnormal returns is the difference between the actual return and that is expected to result from market movements (normal return). Related: excess returns.
It is an apt description for what the blog covers. One of the best parts about them is that they really do search far and wide to look for new info. Many investment blogs that post other links tend to do it from the same 10-20 sources. Every week at AbnormalReturns they have at least a few new sources that I had not even heard of and thats saying a lot. At last count my RSS reader has 87 different investment feeds and I still find new valuable sources through AbnormalReturns. Definitely a valuable resource for anyone in the investment arena.
Investments, Hedge Funds, Trading, Stocks, Returns