Book Review — Common Stocks and Common Sense
Investing can perhaps be best learned through a combination of applied practice and continuous study. While there is no substitute for real-world experience and the [...]
How to Turn an Engineer into a Quantitative Investor
We receive multiple requests from readers looking to break into the finance industry. Quite often the reader is currently working in a traditional engineering job [...]
What is the best “Risk-Off” Asset for Trend-Followers?
So you're a trend-follower. Great. But here is a question: What do you invest in when your rules suggest "risk off?" Many investors suggest low [...]
Quantitative Momentum: A Guide to Momentum-Based Stock Selection
The long wait is over. Our newest book--Quantitative Momentum--is finally here. After 2 years of research review, results replication, reverse engineering, internal idea generation, writing, editing, [...]
Was the Financial Crisis Really a Valuation Crisis?
Most people look back at the dot-com bubble and acknowledge valuations were elevated far above historical norms. Investors ignored historically useful fundamentals, such as earnings [...]
Alpha Architect 2 for 1 book deal — cheap summer reading!
Readers: We know a lot of you are out on vacation in August and probably having the time of your life (eg., see below). But [...]
Risk Tolerance Assessment for Investment Success
My Introduction to Decision-Making...40 years ago When I attended the Harvard Business School my favorite class was Managerial Economics. It focused on decision making under [...]
The Folly of Stock Market Forecasting
The idea that one can predict stock market movements is somewhat insane. The major problem with stock market forecasting is the lack of evidence that it [...]
Insights from Army Ranger, Harvard MBA, and All-Around Business Success–Doug McCormick
At first glance, it's not obvious why business principles would be helpful in informing a long-term wealth management strategy. Yet, the world of business provides useful [...]
Questioning Everything You Knew about Asset Allocation
Is a 100% stock allocation crazy? As long as one addresses their needs for liquidity (as to avoid extracting capital from the markets at bad times) [...]
My Chat with Barry Ritholz
Last week I had the opportunity to sit down with Barry Ritholtz @ http://www.ritholtzwealth.com/. Barry hosts my favorite business/investing related podcast, Masters in Business @ [...]
Digging Deeper into Adaptive Asset Allocation
In some ways, investing is simple. After all, we all want the same things. High returns. Low volatility. Small max drawdowns. Unfortunately, it's very difficult--if [...]
Invert, always invert: Will Stocks Diversify Bond Investments in the Future?
My last post, "Will bonds deliver crisis alpha in the next crisis?," created quite a stir on the blogosphere. The underlying assumption of the analysis is [...]
Fascinating insights from ETF industry veteran Eric Balchunas
In the world of ETFs, while there are many people who claim a deep understanding of ETFs, there are few who actually possess it. Eric [...]
Will Bonds Deliver Crisis Alpha in the Next Crisis?
Bonds are often viewed as being great diversifiers due to the perception that they perform well during tough times for stocks. Historically this has been a [...]
Book Review — Family, Inc.: Using Business Principles to Maximize Your Family’s Wealth
For many people, navigating the road to long-term family wealth creation can be a challenging process. This is because families, especially young ones, may be [...]
Book Review — Entrepreneurs in the Midst: Stories from Founders, Creators, and Builders
When considering the prospects for an early-stage business, it’s hard to know the right ingredients for success. You might assess the firm's business model, and [...]
Book Review — The Drunkard’s Walk: How Randomness Rules Our Lives
Although randomness is all around us, we often fail to recognize the profound role it plays in our lives. Evolutionary biology and faulty intuition lead [...]
Book Review: The Institutional ETF Toolbox
ETFs are taking over the world. Last year, according to ETFGI, a research firm, ETF net inflows were $372 billion, representing 10% growth versus 2014. [...]
Book Review: America’s Bank: The Epic Struggle to Create the Federal Reserve
The Federal Reserve is in the news a lot these days, but despite its prominence and importance to the world economy, not many people know [...]