Fund management in general

If equity markets suddenly sprang into existence now, would we create market indices? I'm doubtful. Why an index? The Dow Jones Industrial Average was born in 1896.  This was [...]

The pro and con of fundamental indexing. Last Tuesday the London Quant Group sponsored a boxing match between forces for and against fundamental indexing.  Adam Olive was in the [...]

We know the words but what do they mean? Some definitions Here are some definitions of "passive investment management". Investopedia says: A style of management associated with mutual and [...]

Conspicuous consumption -- buying what others can't afford -- is a disequilibriating force.  Prices get raised and supply is limited.  The goods that are conspicuously consumed are positional goods. [...]

Falkenblog has a post on ecological studies of animal intelligence. The entire post is interesting, but I particularly like his last sentence: [I]f you think that because you have [...]

The idea Borrow in a currency with low interest rates, lend in a currency with high interest rates. The image Photo by Patti via stock.xchng The question Am I [...]

Several practical steps. Executive summary A great goal, but can it deliver? I was skeptical.  However, I've been won over -- the book proposes several specific actions that are [...]

Some thoughts and resources regarding a popular fund management buzzword. The idea Given asset categories (like stocks, bonds and commodities) create a portfolio where each category contributes equally to [...]

Con Keating gave a talk Wednesday in which he called for pensions to be unfunded, but insured. Key points Pooling is efficient We are definitely rich enough to afford [...]

Abnormal Returns points to The Capital Spectator piece Volatility & Portfolio Management research review.  This has links to 5 relatively recent papers related to volatility. Previous posts here on [...]