Welcome to Asset Class Trading. In this blog, I’ll explore and develop my thoughts on what works in trading, generating alpha and investing in general. I’ve been trading asset classes for the past 20 years for myself personally, and since 2001 as a portfolio manager of an active global tactical asset allocation strategy that specializes in trading asset classes.
Read more about why I’m writing this blog here.
Recent Blog Posts
Executive Summary Asset classes trading significantly below intrinsic value occur infrequently, perhaps once every 10-20 years per asset class. We need to accept that asset pricing (for long hold periods) is rational and correct most the time, and that cheap asset...read more
Executive Summary In this post, I examine the popular stock market valuation tool, the Shiller CAPE. The Shiller CAPE valuation approach, based on 150 years of data, appears to have an uncanny ability to predict future S&P 500 returns. Unfortunately, the benefits...read more
Executive Summary This is the first of a multi-part series examining the use of valuation approaches to identify future outperforming asset classes. I discuss why value investing is an essential and useful tool for asset class traders. I briefly discuss the Warren...read more