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@AIQuanting @MebFaber Indonesia.

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@PeterMallouk But that wasn't true in 10/31/07. Market was within 1% of all time high and a year later was the depth of the GFC bear.

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@MebFaber But...small caps are now lower quality - about a third of R2K companies are unprofitable (5% 20 years ago), returns on invested capital dropped to 3-4% (down from teens in the 1990s), and average net debt to earnings has climbed to > 3 x (2x previously)

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@alphaarchitect But the yield different has to be significant to be worth the added complexity and implementation costs.

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⁦@alphaarchitect⁩ https://t.co/CHE1VpkjVo

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@MebFaber @morganhousel Napoleon's definition of a military genius as quote by @morganhousel https://t.co/yQbuCBKB4t

[Morgan Housel @morganhousel]

Napoleon's definition of a military genius:

"The man who can do the average thing when everyone else around him is losing his mind."

Same in investing, especially weeks like this.

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@MebFaber Unfortunately, StarCapital @CAPE_Invest no longer updates theirs.

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Interestingly, China dropped the least to date from its 52-week high out of all country ETFs in my screen (~18%)!

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@MebFaber Good way of bottom fishing. Here is an interesting twist - instead of limit orders, sell puts. If no decline, you keep a fat premium instead of unfilled limit orders. Otherwise, you get assigned and buy at a low price.

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@morganhousel Good point. But it was indeed a bubble with everything you'd expect from a bubble; >95% drop and > 10 years before regaining the high again. It was a good company but price was way ahead of fundamentals and had to correct.

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@MebFaber If goal is preservation of purchasing power, one word: TIPS

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@MebFaber @CreditSuisse Meb - I've been a big fan for many years but 100+ tweets is a hurricane not a storm. Not the best format for a review like this.

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Ratio of Total Market Cap (Wilshire 5K) / US GDP is now 149.4%, surpassing the March 30, 2000 high (148%).
https://t.co/GcwHS9JbAt

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@ReformedTrader Long stocks, short index futures - sounds familiar, Wes @alphaarchitect. I think shorting stocks efficiently is unrealistic except maybe for very large cap.

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@TheStalwart Emory and Georgia Tech

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@MebFaber @Robeco Link?

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@Hardcastle_420 @MebFaber Wrong. Here is their Q2 2012 forecast. But same can be said of them in the late 1990's. They were early but eventually right in a big way.

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@patrick_oshag Prescription glasses. But looking at the responses, interesting that most are free!

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@CAPE_invest Russia and Turkey have hardly moved for 10 years. Their prices have been very volatile. Surely that should have reflected in valuation.

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@MebFaber When and where in Nashville? Would love to come by.