Practical analysis for investment professionals
goals-based investing
On Horses, Tractors, and Markets
Are markets more like horses or tractors?
Why You Should Be a Goals-Based Investor
What if our traditional models of choice are not measuring people’s true objectives?
Goals-Based Investing: Should It Be the Norm?
To paraphrase Richard Thaler, all finance is behavioral. In the same spirit, all investment management should be goals-based.
Has Goals-Based Investing Ruined Modern Portfolio Theory (MPT)?
Although a fundamentally important financial concept, modern or mean-variance portfolio theory (MPT) has been of little practical value to retail investors in their asset allocation. Hansi Mehrotra, CFA, believes it’s time to develop a more practical risk-management measure.