Michael Zhuang

Cramer Grilled on Jon Stewart

Have anybody checked Cramer's 2008 top ten predictions? I did ...

investmentscientist.co.../

In Cramer we Trust!!!

Watch TV, Get Rich!!!

Go, Cramer!!!

Jim Cramer's 10 Predictions for 2008

Have anyone check Jim Cramer's predictions? I did ...

investmentscientist.co.../

Warren Buffett's Berkshire Hathaway's 2008 Annual Letter

It is too early to write Buffet's obituary. He was ridiculed for full three years during the internet bubbles, and guess who had the last laugh?

Besides, what's so unusual about making mistakes, what's unusual is openly admitting it.

In final analysis, his letter is still one of the best education material for investors. If you don't have time to read the full 23-pages, at least read the excerpts:

investmentscientist.co.../

High Dividend ETFs: Who Needs 'Em? (ETFs: DVY, PEY; CEF: FVD)

Here is the complete list of high-dividend-yield ETFs

investmentscientist.co.../

On Market Hitting Bottom

Kinabala,

Your suggestion is well taken.

On Market Hitting Bottom

Hokienerd,

You made a good point and I am fully aware of the Nikkei situation. This article is to make a point about discipline, your pessimistic scenario can be addressed by diversification. You don't assume all countries and all asset classes will be like the Nikkei, do you?

Should You Follow Warren Buffett’s Latest Moves?

Why make things more complicated than necessary? Why not just buy BRK.A or BRK.B?

Some Asset Managers Moving from Treasuries to Corporate Bonds

I want to start a David Swensen fan club. Any suggestion?

www.david-swensen.com

Positioning for '09: How 10 Money Managers Are Adjusting Portfolios

Look like all of you are predicting a massive rally. It is the best case scenario that is likely to happen. That said, I don't position for the best case scenario, I position for the worst case scenario - a prolonged bear market. My positioning can be summed up in three words: diversification, dividend, discipline.


dividend:
investmentscientist.co.../
discipline:
investmentscientist.co.../
diversification:
investmentscientist.co.../

Five Signs of a Market Bottom

Everybody and his uncle got an opinion about market, this article says they are all wrong ...

david-swensen.com/2008.../

How to Invest Like Yale's David Swensen

Jack Meyer, who used to be David Swensen's competitor at Harvard Endowment, is an expert in turning volatility into returns.

david-swensen.com/2008.../

Abundant Opportunities in Bear Markets

Jack Meyer, former manager of Harvard Endowment, left to start a hedge fund called Convexity. Reportedly, the higher the market volatility, the better the return of his fund. This return pattern can actually be created using a pair of ETFs according to this article.

david-swensen.com/2008.../

The Cyber Monday Meltdown

When asked what he thought the market would do, JP Morgan said: "it will fluctuate."

Robert Shiller, a Yale professor, found much of the fluctuation is not justified.

david-swensen.com/2008.../

Long Term Fundamental Value of Stocks Smoother Than Prices

Yale Professor Robert Shiller in his 1982 paper found stock price volatility is not justified by subsequent changes in dividends.

www.david-swensen.com/.../

Can China Take Up Consumption Slack From the U.S.?

Very insightful article and very easy to follow. If there is any conclusion to draw, it is that the adjustment will be very long since the imbalance has been built up over the last 20 years. The scope of the imbalance is far beyond the US housing market.