by admin | May 19, 2010 | CIPM, ethics, Keith Richards, performance professional, Rolling Stones
The image shown above is the album cover of the Rolling Stones’ 1972 album, “Exile on Main St.” Upon its initial release, this album, while enjoying substantial sales, received very mixed reviews from rock music critics. Time has viewed this album...
by admin | May 18, 2010 | Investment Performance Guy, News
I’m listening to Malcom Gladwell’s Blink: The Power of Thinking Without Thinking. I’ve read two of his other books (The Tipping Point: How Little Things Can Make a Big Difference and Outliers: The Story of Success) and enjoyed them considerably, and...
by admin | May 17, 2010 | money-weighting, time-weighting
Occasionally we hear a call for “reporting standards.” Personally, this is far from the top of my priority or wish list. Guidance is often appreciated, but standards? No thank you! Okay, and so for a little guidance consider that reporting should very much...
by admin | May 13, 2010 | GIPS, Global Investment Performance Standards
Since 2006, the Global Investment Performance Standards (GIPS(R)) have required compliant firms to disclose “significant events.” But what, pray tell, is a “significant event.” In our lives we encounter significant events all the time, right?...
by admin | May 13, 2010 | Investment Performance Guy, News
An observant reader identified an error in my math in yesterday’s post, which I should have caught immediately. Long ago I realized that outflows should be treated as end-of-day events. Let’s consider yesterday’s post a bit more. We started the day...