Hussman Funds

Investment manager Ellicott City, Maryland www.hussmanfunds.com

Mutual fund family run by John Hussman, a former economics professor. His free market comments, archived for more than two decades, are some of the most detailed public work on equity valuation and expected long-run returns.

What they publish

Hussman Market Comment

John Hussman's long-form commentary on equity valuation, expected 10- to 12-year returns and market internals. It is the most detailed free bear case on valuations you will find, so read it critically.

Memos Advanced Roughly monthly now; weekly through the 2010s; archive back to 2003