Fixing the “Loser’s Game”: What It Will Take http://t.co/jYC40MIiHW
— MainandWall (@MainandWall) May 11, 2014
Sunday, May 11, 2014
Fixing The Losers Game
Your Role in the Process
Understand Your Role In The Investing Process http://t.co/Wq1Qwfk6SM via @investopedia
— MainandWall (@MainandWall) May 11, 2014
Choosing an Advisor...
Choosing An Advisor: Wall Street Vs. Main Street http://t.co/MoMjAdvvNT via @investopedia
— MW AdvisorVille (@MWAdvisorVille) May 11, 2014
What Every Investor Should Expect...
#10InvestorRights: What every investor should expect from financial services professionals. http://t.co/RUww37NwYo #FutureFinance
— MW AdvisorVille (@MWAdvisorVille) May 11, 2014
Wednesday, March 30, 2011
Sunday, March 27, 2011
Friday, December 24, 2010
Tangible Mental Accounts
2- Twitter Fund
+ Turbulence
Complex Adaptive Portfolio Management
Safety Net - BE
Style Rotation
Macro Matters
+ Turbulence
Complex Adaptive Portfolio Management
Safety Net - BE
Style Rotation
Macro Matters
Tuesday, July 27, 2010
Sunday, July 25, 2010
Mistakes and Limitations of Modern Portfolio Theory
1- Serial correlation - Assuming that the joint distribution of Stocks and bonds is just like flipping a coin.
This is WRONG
2- ALL Modern Finance Assumes Stationary..This is Wrong - Think of pricing houses and stocks at any point in time....Decisions are made on the premise that this condition will last forever..that the market will price it self to this condition. Think about the yield curve and pricing off treasuries. if the 2 yr is always 5% and corporates 200bp above then they will always yield 7%. What do you re balance to? or price off of as conditions change.
3- The crucial mistake in portfolio theory that Samuelson pointed out was that you don't live in Tahiti. There is Nothing to Re balance to>
4- MPT assumes there are no structural Changes - That's Wrong
5- Efficient market theory assumed people were rational. That's Wrong
This is WRONG
2- ALL Modern Finance Assumes Stationary..This is Wrong - Think of pricing houses and stocks at any point in time....Decisions are made on the premise that this condition will last forever..that the market will price it self to this condition. Think about the yield curve and pricing off treasuries. if the 2 yr is always 5% and corporates 200bp above then they will always yield 7%. What do you re balance to? or price off of as conditions change.
3- The crucial mistake in portfolio theory that Samuelson pointed out was that you don't live in Tahiti. There is Nothing to Re balance to>
4- MPT assumes there are no structural Changes - That's Wrong
5- Efficient market theory assumed people were rational. That's Wrong
Saturday, July 24, 2010
Tuesday, July 20, 2010
Monday, July 19, 2010
The Purpose of the MATRIX
To offer a hedge-fund-like approach without the hedge-fund-like drawbacks. The MW/AM is an alternative option without the baggage of lack of liquidity and transparency, high fees and tax insensitivity
Sunday, July 18, 2010
Alpha Matrix Portfolio Management
A modular approach to portfolio construction and management.
The purpose of the Matrix is to produce Alpha.
Portfolio management is both a science and an Art. The purpose is to combine not only diffreent asset classes but strategies tactics and time frames to maximize returns minimize risk and produce a desired outcome. Wealth is built by compounding returns over time.
The next level is about building Adaptive Systems to capture structural change in the economy and markets...
The purpose of the Matrix is to produce Alpha.
Portfolio management is both a science and an Art. The purpose is to combine not only diffreent asset classes but strategies tactics and time frames to maximize returns minimize risk and produce a desired outcome. Wealth is built by compounding returns over time.
The next level is about building Adaptive Systems to capture structural change in the economy and markets...
Saturday, July 17, 2010
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