Minimum Variance Portfolios: Theory and Empirics at Odds
Sitting here working on my lecture for advanced investment management. I've been working through mean-variance-analysis and came across the good old-fashioned "Mean Variance Frontier." [...]
Economic Moat: A Look Back in Time
Warren Buffett once observed: In business, I look for economic castles protected by unbreachable moats. Here at Turnkey we have written extensively about economic moats, [...]
Finally…Fama wins!
My old dissertation adviser at the University of Chicago -- Eugene Fama -- finally won the Nobel Prize! About dang time. I've been following the [...]
Rising Interest Rates: Finally some Informed Insights!
Paul Milnes and his team at Outsourced Financial Analytics has some thought-provoking commentary on bonds. He is running a 3 part series and the first 2/3 [...]
Activist Irony–Attacking Carl Icahn…ballsy!
Greenbackd has an interesting post on CADUS, a total piece of sh#$ I used to deal in when I was a "stock-picker." Reading the post [...]
I Love Quant
As if we didn't already know... Here I am at around 11,500 feet attempting to summit Mt. Shasta. Represssssssent!
John Maynard Keynes–The Original Warren Buffett
In the current era of aggressive fiscal stimulus and loose monetary policy following the financial crisis, John Maynard Keynes is often invoked as a forefather [...]
Speaking at Philadelphia Family Office Event (October 16th)
Next Wednesday (Oct 16th) I'll be talking about behavioral finance alongside a good friend of mine at Admire Capital--Armen Karamanian, Ph.D. The speaker list includes [...]
Flexible Asset Allocation Assessment
We mentioned an interesting piece by Keller and Putten (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2193735) . Here was our original take: https://alphaarchitect.com/2013/01/03/flexible-asset-allocation/ The strategy seemed worth a second look so my [...]
Weekly Post Recap for October 5, 2013
Here are the articles we've posted for the past week on TurnkeyAnalyst.com for the week ended Saturday, October 5th 2013. Article description and associated link: How does the [...]
Weekly Economic Calendar 10/7 to 10/11
Click to enlarge
Goldman Sachs’ Warehouse Trade–Conspiracy Theory!
If you love a good Goldman Sachs conspiracy theory, we’ve got a candidate for you... Our story begins back in 2003, when the Fed allowed [...]
Weekly Economic Calendar 9/30 to 10/4
Upcoming economic events:
The Nantucket Project–Let us know if you are around
David and I will be presenting alongside our friends at BattleFin at the 2013 Nantucket Project Conference from Thursday--Sunday. What is The Nantucket Project? In [...]
Weekly Post Recap for September 21st
Here are the articles we've posted for the past week on TurnkeyAnalyst.com for the week ended Saturday, September 21th 2013. Article description and associated link: Models [...]
Weekly Economic Calendar 9/23-9/27
Upcoming Economic Events: Click to Englarge
Cloud-Based Discounted-Cash-Flow Analysis Tool
Technology is the one thing in our world that never ceases to amaze me. You want to play an extremely humbling game? Make predictions about [...]
Muni Bond Mayhem? Discounts on Closed-end-funds? Oh Yeah!
Some buzz on discounted muni-bond closed-end-funds. Here is an article from the WSJ: http://online.wsj.com/article/SB10001424127887324823804579014741979844488.html Below is a list we generated... A list of discounts on [...]
Weekly Post Recap for September 14th
Here are the articles we've posted for the past week on TurnkeyAnalyst.com for the week ended Saturday, September 14th 2013. Article description and associated link: Super Bowl Market [...]
Weekly Economic Calendar 9/16-9/20
Upcoming Economic Events: Click to Enlarge