Book Review: Your Complete Guide to a Successful and Secure Retirement
If you are looking for an applied framework for tackling the topic of financial planning, you should read Your Complete Guide to a Successful and [...]
How to Pass the CFA Level 1 Exam
I recently received a question from Steve Sivak of Innovate Wealth: How do I pass the CFA Level 1 Exam? When I sat down to type my response, [...]
Why the Size Premium Should Persist
As the chief research officer for Buckingham Strategic Wealth and The BAM Alliance, I’m often asked, after any asset class or factor experiences a period [...]
Industry Insiders Can Outperform the Market
Industry Familiarity and Trading: Evidence from the Personal Portfolios of Industry Insiders Itzhak Ben-David, Justin Birru and Andrea Rossi Journal of Financial Economics, forthcoming A version [...]
Factor Investing in Practice
Factor Investing from Concept to Implementation Eduard van Gelderen, Joop Huij, and Georgi KyosevWorking paperA version of this paper can be found here[ref]hat tip to Art [...]
Low Volatility Turnover with Value and Momentum
Low Volatility Needs Little Trading Pim van Vliet Journal of Portfolio Management A version of this paper can be found here Want to read our summaries [...]
Seven Centuries of Commodity Reversals
Seven Centuries of Commodity Reversals Adam Zaremba, Robert Bianchi, and Matuesz MikutowskiA version of this paper can be found here. What are the research questions? As [...]
Sector Business Cycle Analysis
There are different investment approaches to identify sector winners and losers, such as price momentum strategies, top down approach based on specific macroeconomic indicators or [...]
Using Flexible Spending to Achieve Financial Goals
Financial planning and specifically portfolio "safe" withdrawal rates are often viewed and analyzed from the perspective of rigid rules that can't be broken - i.e., [...]
Day of the Week Matters for Some Anomalies
Day of the Week and the Cross-Section of Returns Justin BirruJournal of Financial Economics, forthcomingA version of this paper can be found hereWant to read our [...]
DIY Asset Allocation Weights: March 2019
Do-It-Yourself tactical asset allocation weights for the Robust Asset Allocation Index areposted here.[ref] [/ref] Create a free account here if you want to access the site directly. [...]
Four Important ETF Industry Developments
After a record breaking year for ETF flows in 2017 ($462 Billion), 2018 was a relative slowdown. But at $314 Billion in inflows, 2018 was [...]
Rebalancing…Not so Fast
My last article used Warren Buffett’s pre-crisis sale of put options to highlight the risk of getting over our financial skis. In both temperament and [...]
Low Volatility Can Be Low Turnover
Low Volatility Needs Little Trading Pim van Vliet Journal of Portfolio Management A version of this paper can be found here Want to read our summaries [...]
Compound Your Knowledge Episode 6: Trend Following and HFs
In today's video, we examine three articles from last week. The first article examines the (under) performance of trend-following over the last decade. The second [...]
If you had to do a trend following strategy, what would it be and why?
The topic of this blog post was inspired by Wes, who said the following: Valeriy, you have done more formal academic research on trend-following than [...]
Trend-Following: A Decade of Underperformance
Everyone in finance remembers 2008--the Global Financial Crisis. Yes, I know, the final downward movement in the stock market was in early 2009. However, many [...]
Live in Portland, Calgary, Kansas City, or Chicago? Holla!
Readers: We'll be visiting the following locations in the near future: 2/26 to 3/1: Portland/Calgary area Wes/Ryan/Brandon Wes is speaking at a small conference: Sign [...]
Compound Your Knowledge Episode 5: Size & Value
In today’s video, we examine two posts from last week. First, we examine Wes' post on the Size factor. Second, we examine a paper by [...]
Public Hedge Funds and Their Performance
Public Hedge Funds Lin Sun and Melvyn TeoJournal of Financial Economics, forthcomingA version of this paper can be found hereWant to read our summaries of academic [...]