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MB Edge Explanation Guide
The canonical document. Defines the model: 100% S&P 500 (via VOO) or 100% T-bills. 55 round-trip trades in 68 years. Hypothetical 18.5%/yr since 1957 vs 10.9% S&P. Includes full trade table 1957–2026 and year-over-year returns.
No. 002Model Update Report
First model update of 2026. Reports on Apr 4, 2025 buy signal still active. 2025 returned 30.67% in the model vs 17.84% for S&P TR.
No. 001Q&A Report
Inaugural subscriber Q&A.
Milton's published research
Research Milton Berg has published to the open web — the thinking behind the model, free for everyone, no email needed.
Model Building Using Data Extremes
Milton Berg's research presentation (2023, 103 pages), published openly by Milton: at major turning points — specifically the first seven days off a market low into a new bull market — the S&P 500 and other major indexes generate rarely seen extremes in underlying technical data, and those rare readings can serve as building blocks for viable models. Walks the historical cases, from the 1982 low onward.
Approach to the Market
Milton Berg's 2015 statement of the firm's philosophy: there is more to market price than intrinsic value — a point even Benjamin Graham conceded — and extremes in market internals, read across decades of history, are what turn that observation into a disciplined approach to equities.
The Boundaries of Technical Analysis
Milton Berg's paper in the Market Technicians Association's Journal of Technical Analysis (2008): which technical signals survive statistical scrutiny and which decay — including a dice-roll probability framework for judging whether a market pattern is genuine or coincidence. Written while Milton was a market analyst at Duquesne Capital Management.
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