Jason Voss, CFA, shares his picks for Weekend Reads for Investors. This edition features stories about the dangers of exchange-traded funds (ETFs), a better way to think about and model the human brain, and how the notion of superhuman artificial intelligence (AI) is farfetched.
The primary focus of the renaissance investment management firm is delivering the best possible investment performance, not on scaling for scaling’s sake, C. Thomas Howard and Jason Voss, CFA, explain in the latest entry in The Active Equity Renaissance series.
Dismantling the finance industry’s closet indexing factory is a critical step in The Active Equity Renaissance, C. Thomas Howard and Jason Voss, CFA, observe.
Jason Voss, CFA, and C. Thomas Howard have questioned many orthodoxies of modern portfolio theory (MPT). But what do they propose to take their place? Behavioral finance.
Jason Voss, CFA, and C. Thomas Howard share some insights on the demise of modern portfolio theory (MPT); Lauren Foster discusses the future of robo-advisers; and Tadas Viskanta advocates that we keep ETFs weird, in the top Enterprising Investor posts from April.
Focused awareness meditation asks practitioners to focus their awareness singularly on one object. Among the benefits for investment professionals is an improvement in mental focus and clarity.
Jason Voss, CFA provides his selections for Weekend Reads for Investors. This week's stories are critical of finance's love of squishy statistics, employers that keep their talented employees down, and the usefulness of GDP as an economic measure.
One modern portfolio theory (MPT) pillar that is unquestionably broken is the use of volatility, specifically standard deviation, as a measure of risk, Jason Voss, CFA, and C. Thomas Howard write in the latest edition of The Active Equity Renaissance series. This initial error in MPT's development is a major contributor to active investment management underperformance.
What we think we know can be deceptive. For example, try to remember the exact contents of one of your bookshelves, or draw a picture of a bicycle and include the details: the seat, the chain, and the pedals. Unless you've practiced or have good reason to remember, these seemingly simple requests can be anything but easy. So it is understandable if you don't grasp the touch points behind dollar-cost averaging (DCA) in investing.
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