mathematics
Nicholas Colas shared some great "cocktail nuggets" during his presentation at the 63rd Annual Financial Analysts Seminar, Lauren Foster reports.
"If I were to pick a theme or two for this week, it might well be endurance and resilience," writes Lauren Foster in this edition of Weekend Reads.
“I am, because of you.”
This, very simply, is ubuntu.
Archbishop Desmond Tutu famously described ubuntu as meaning “my humanity is caught up, is inextricably bound up, in yours.” It is ubuntu that guides the mission and strategy of the… READ MORE ›
There are two types of people in life, radiators and drains. When you are around "radiators," you feel energized, positive, and encouraged. They radiate good energy. But when you are in the company of "drains," well, you feel drained. Your energy is sapped. You feel depleted.
An important new monograph from the CFA Institute Research Foundation explores a fundamental question in the wake of the global financial crisis: Has finance theory failed investors?
This week’s roundup of interesting bits of news and analysis comes to you via Hong Kong, where all eyes (and ears) were on the opening of China’s annual session of parliament. One of the top stories to emerge was… READ MORE ›
I was in Garden Grove, California, this week for CFA Institute's Wealth Management 2014 conference. There were many great presentations, but one loomed large for me: the session on elder care planning. At the outset, we polled delegates on the percentage of their clients that have a plan in place for long-term care costs. Fifty-five percent said "less than 25%." That's a very worrisome — although not altogether surprising — result when you consider that at least 70 percent of people over 65 will need long-term care services and the fact that most people don't realize Medicaid does not cover long-term care expenses.
As I looked back over a year of tweets and blog posts, one theme was perennial: we cannot escape ourselves. What do I mean by that? Behavioral biases inform our investment decisions, regardless of gender, season, or geography.
If you are a regular reader of these posts, you won't be surprised by this week's headline and range of articles. But if this is your first time, and you're wondering what psychopaths, bubbles, and black holes have to do with being a professional investor and/or financial adviser, the answer is simple: "Investing demands that you be a polymath — knowing a lot about many things (including nonfinancial topics) and how those things interconnect into an organic whole."
The art of algorithmic war, GMO's latest quarterly letter, and why most back-tested performance histories are bunk.