August 4, 2011
Exclusively for finance professionals who have a background in science and mathematics and want to keep their interests alive, the 14-10 club meets on a monthly basis to hear [...]
August 1, 2011
What do we lose when we use a benchmark? Simple Make everything as simple as possible, but not simpler. -- Albert Einstein Everything should be made as simple as [...]
July 11, 2011
If a particular prediction comes true, how surprised should we be? The prediction The page that sparked my curiosity tells of a prediction made a year ago that the [...]
July 7, 2011
The MoneyScience website has recently had a dramatic change. It now has a social infrastructure, and the resources are better organized. Here I report on the discoveries I've made [...]
July 4, 2011
Low volatility investing and performance measurement -- my favorite topic scheme -- how could I resist? The paper The paper is "Benchmarking Low-Volatility Strategies" by David Blitz and Pim [...]
June 17, 2011
Here is a schematic of a financial bubble. This is taken from a post by The Reformed Broker. Questions The picture feels right to me, but ... Is there [...]
June 16, 2011
Graphs like Figure 1 are reasonably common. But they are not reasonable. Figure 1: A (log) price series with an explicit guide line. Some have the prices on a [...]
June 6, 2011
How can we spot bubbles before they burst? Executive Summary I had high hopes for this book. The first 5 chapters lived up to my expectations. The remaining chapters, [...]
May 26, 2011
Zanran is a new search engine that helps you find data. It indexes items that have tables or figures that seem to display data. It looks to be significantly [...]
April 25, 2011
Smart Swarm is a book about decision-making. Fund management is all about decision-making. Hence this book is about fund management. Indeed financial examples crop up several times. Executive summary [...]