by admin | Nov 30, 2010 | benchmarks, CIPM expert, Investment Performance Guy, Laurence Siegel, Pravin Manglani, Sandy Rattray, Standard and Poor's 500
Earlier this week, my boss, David Spaulding surmised on his blog about the possibility that the mere existence of indexes may be a reason for “above average” performance, as changes in index constituents often results in trading in the newly added stocks,...
by admin | Nov 30, 2010 | GIPS, Global Investment Performance Standards, Standard Deviation
Imagine for a moment that the designers of the various investment risk measures have gathered for a dinner; perhaps this is an annual event (may as well have it annual, since we like to annualize risk measures, right?). And imagine that you have the opportunity to...
by admin | Nov 29, 2010 | money-weighting, time-weighting
While “risk” seems to be a more commonly found topic in the Wall Street Journal, I was pleased to see this advertisement appear in this past weekend’s edition. First, it’s wonderful to see a focus on diplomas, especially for inter-city...
by admin | Nov 29, 2010 | Investment Performance Guy, News
Jason Zweig’s piece in this weekend’s Wall Street Journal serves many purposes, one being a clue as to why it’s so difficult to beat indexes. It occurred to me some time ago that the index designers must be exceptionally talented at constructing...
by admin | Nov 24, 2010 | Investment Performance Guy, News
Happy Thanksgiving to our blog readers. Hope it’s a happy, healthy, and blessed one for you and your family.