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 [...]
The Secrets of Social Influence: An Interview With Digg and Wharton Professor Jonah Berger
A critical element of being a good investor is understanding human behavior. In this piece we take our focus away from quantitative finance and focus on understanding the [...]
Signed Books (at a Discount) for Christmas Presents!
If you want a signed copy of our books for Christmas/Hannukah presents, the time is NOW. Below is the link to Quantitative Value. Make sure [...]
Beware of Target Date Funds – Their Aim May be Way Off
We like to use rules of thumb, or heuristics, when facing choices. We often default to rules of thumb because when finding the optimal choice [...]
Why I Don’t Invest in Momentum Stocks…Yet!
Confirmation bias is the tendency to cling to research/ideas that confirm with what you already believe. This behavioral bias leads to overconfidence and can impede our search for [...]
New Book Relased: DIY Financial Advisor @ $14.99
Hi Readers/Fans: We are happy to announce that our second book, DIY Financial Advisor, is finally available. For a limited time (and while supplies last) we are selling the [...]
Book Review — Decide to Play Great Poker: A Strategy Guide to No-Limit Texas Hold’Em
Among a certain set of people, the desire to be good at poker is just in their bones. Maybe it’s because they want to win [...]