Global CAPE Model Optimization

Thursday, October 18, 2012

Global CAPE Model Optimization

Check out our new whitepaper, published in collaboration with Mebane Faber, and based on his recently published 'Global Value: Building Trading Models with the 10-Year CAPE':

Download it here.

Finally, it is the long term investor, he who most promotes the public interest, who will in practice come in for the most criticism, wherever investment funds are managed by committees, boards, or banks.

For it is the essence of his behaviour that he should be eccentric, unconventional, and rash in the eyes of average opinion.

If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy.

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

John Maynard Keynes, 1936