NFL Parity, Sample Size and Manager Selection
In Miscellaneous, Retail onWe’ve been discussing issues around statistical significance – – most notably, what makes a tested model’s results significant and therefore…
0Volatility Management for Better Absolute and Risk-Adjusted Performance
In Miscellaneous onIn financial markets, few things are as predictive as volatility; it has been well documented that the best predictor of…
Estimating Future Returns: Update
In Miscellaneous onWe have added a new valuation metric to our model, namely the Total U.S. Market Capitalization to GNP ratio. Total…
Hard Questions for Your Investment Advisor
In Miscellaneous onDoes your Advisor have a ‘get out’ strategy to take you to the sidelines when markets are risky? Can your…
Oh Canada?
In Miscellaneous onIn the course of any given year, Mike and I speak with dozens of new clients about their experience with…
A Tale of Two Markets
In Miscellaneous onIt is well known in professional investment circles that the vast majority of investment returns over the long term are…
On Empiricism vs. Platonicity
In Miscellaneous onI spent several years in Asia, and one of my most striking observations about immersion in a foreign culture is…
Model Review
In Miscellaneous onAs part of our ongoing efforts to make our portfolio management process as transparent as possible, we are beginning a…
Return and Risk By Mandate
In Miscellaneous on*All traditional balanced and growth mandates are rebalanced every 12 months back to target allocations.
