Profile picture
Lawrence Hamtil
@lhamtil
, 6 tweets, 2 min read Read on Twitter
[thread of threads] For anyone interested in low vol investing stuff, here are a few of my posts and attendant threads on the subject

First up, the 'consistency' of low vol returns
2nd, from early 2018, why low vol made sense as a contrarian play then
3rd, my interview with the low vol expert, @paradoxinvestor
4th the utility of pairing low vol with momentum in a barbell approach
The same barbell idea, but explored in foreign and EM
Lastly, honorable mention to how low vol compares with other factor-type portfolios in terms of drawdowns, both domestic and abroad
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Lawrence Hamtil
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @lhamtil see all

Profile picture
Lawrence Hamtil
@lhamtil
Thinking about this Buffett excerpt from 1992: "[A] high ratio of price to book value, a high price-earnings ratio, and a low dividend yield - are in no way
inconsistent with a "value" purchase."
berkshirehathaway.com/letters/1992.h…
A good example of this is a company like Church & Dwight $CHD. Over the last ~40 years, it has rarely traded at a discount to the market. Conversely, Altria $MO has rarely traded at a premium to the market.
Both stocks have crushed the market over the last four decades
Read 7 tweets
Profile picture
Lawrence Hamtil
@lhamtil
1/ Little thread on "growth" investing: first of all, as demonstrated here, growth is good, but only at a reasonable price; the less expensive "Nifty Fifty" stocks fared better than the more expensive ones
2/ As @HowardMarksBook wrote in 2001, historically, very few expensive growth stocks grow earnings at a rate to justify their lofty multiples oaktreecapital.com/docs/default-s…
3/ Though it's older, I've always liked this Bill Bernstein post (with a shout to @CliffordAsness) on how quickly earnings decays sets in for most growth stocks efficientfrontier.com/ef/401.pdf
Read 4 tweets
Profile picture
Lawrence Hamtil
@lhamtil
BRIEF THREAD - Research articles I reference again & again

1. Credit Suisse - The Rise and Fall of Industries
credit-suisse.com/corporate/en/a…
2. 2. JPM - The Agony & The Ecstasy (of concentrated stock positions)

read.jpmorgan.com/i/371035-eotm-…
3. JPM - Rethinking Capital Structure Today

jpmorgan.com/global/cib/inv…
Read 8 tweets

Related threads

Profile picture
phoenix calida is bearly black
@uppittynegress
I have no idea if Jussie lied or not. But I do know Chicago police aren’t to be trusted.

Here’s a few things about CPD you should know before just taking their word for *anything* 👇🏾
#thread
Between 2004 and 2016 Chicago police cost the city over 660 Million dollars in police misconduct/brutality cases.
Considering most cases never even make it to court, I can only imagine how many cases there really are

chicagobusiness.com/article/201603…
Chicago police detective Reynaldo Guevara drakes dozens of innocent people for all sorts of crimes, including homicide. One of the men he framed for a homicide case even got 17 million in a settlement

themarshallproject.org/records/5157-r…
Read 10 tweets
Profile picture
✨Louise ✨
@L_ou_ise
This is a #thread regarding Jonathan/Jessica Yaniv, the person who is currently claiming to be a trans woman and suing beauticians who have been refusing to wax their male genitals. I have decided to make this thread with neutral pronouns regarding Jonathan/Jessica because from
what I could gather they have chosen to be referred to as both Jonathan and Jessica and no amount of disgust and hatred I feel for someone could get me to misgender them on purpose. It took me ages to decide to actually make this thread happen because my story with this person is
very much still an open wound and traumatised me in ways I'm not sure I even fully comprehend. I appreciate RTs to get the word out, and I also am open to answering questions but please do not expect me to answer everything, this is very overwhelming. The only reason I am willing
Read 51 tweets
Profile picture
Edwin Hayward
@uk_domain_names
Here's the truth about Brexit, the "punishment" some people claim the EU wants to inflict on us, the full horrific consequences of no deal, and the dangers lurking behind any deal we do reach. (Also a list of further information sources at the end.)
docdroid.net/m3YvOS5/brexit…
FYI: The above PDF was originally a 47-tweet thread (which then kept growing, as Twitter threads have a tendency to do...)

There are hundreds of mini sub-discussions hanging off the original thread, in case you're interested in dipping into it.
Added: here's an alternative source for the PDF document, which also offers a screen-readable version.
scribd.com/document/39095…
Read 4 tweets
Profile picture
Mikhail D.
@Eire_QC
#THREAD: It was Poroshenko's ''State of the Nation'' address today. Here are some important points.
NUMBER 1: Poroshenko wants to amend the constitution by removing a clause allowing the Russian Fleet to be stationed in Crimea. "After we retake Crimea, the Russian base will no longer be stationed in Sevastopol!" he exclaimed.
NUMBER 2: Poroshenko wants to rapidly rebuild the defenses on the coast of the Azov Sea in order to be better prepared for any further Russian hostile acts.
Read 4 tweets
Profile picture
Mauricio Mattos ⚡️
@petoveritas
Going to "FinTech Forward 2018"? Here is how to prep for the @CFTC's inaugural conference, to have better conversations while there by understanding what is going on in crypto today.

#thread
1/ What are you interested in? Some good topics are: RegTech, digital payments, neo-"gold standard", cryptography, smart-contract virtual machines...
2/ For "RegTech" (technology that enhances regulatory processes) and regular-"Reg": You could, for instance, read up on the new @GeminiDotCom Gemini-Dollar and learn about the 3 layers to their ERC20 smart-contract, designed to help with compliance.
Read 9 tweets
Profile picture
Tor Ekeland
@TorEkelandPLLC
My dad was tortured by the Gestapo for 4 days and thrown in a concentration camp for being in the Norwegian Resistance. Growing up, he would tell me things he learned in the Resistance. I thought, I'm never going to need this stuff. Here's some things of those things #Thread
First, you're never going to win a head on battle with an adversary that's got you outgunned. That's not the point of the Resistance. The point is to create friction, make it hard for your adversary to operate, to increase transaction costs.
Second, resistance doesn't have to be a dramatic act. It can be a small act, like losing a sheet of paper, taking your time processing something, not serving someone in a restaurant. Small acts taken by thousands have big effects.
Read 10 tweets

Trending hashtags

#Airbnb #PrivateEquity #Patriots #ASX #polQC #U3O8 #resource #KeralaFloods #CDNpoli #PAYtriots #sports #Shemaroo #Cryptocurrency #Blockchains #MiltonFriedman #compassion #ViolentUpside #Canada #DigitalSoldiers #MorningRush #ksleg #Buyouts #GerryButtsSignedIt #invest #privacy
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!