The Biggest Urban Legend in Finance
From Arnott, The Biggest Urban Legend in Finance:
"A 30-year stock market excess return of approximately zero is a huge disappointment to the legions of...
Trendfollowing in the 1800s
Nice post here that traces the phrase "“Cut short your losses,” – Let your profits run on”:
How to Pick Mutual Funds: The Netflix Prize for Improving Morningstar’s Star Rankings
While most mutual funds underperform a simple index (and the vast majority underperform after tax), does that mean one cannot build a metric that...
Currency Trading
I can't think of an area of investing individuals know less about than currencies. (As an aside: We are currently writing a paper on...
A Few Links
I enjoyed getting all the emails from people claiming their assets back from the state governments this week. One of my favorites was the...
Tax Time – Unclaimed Property
Update: Largest single claim so far : $10,000, total claimed: $~$15,000-$20,000
As tax season rolls around, most people are busy trying to figure out how much...
Banff Mountain Film Fest
One of my favorite things to do all year. In Los Angeles this weekend....Check out the homepage here for screenings in your city:
[youtube https://www.youtube.com/watch?v=QOhU0nW686o&rel=0&hl=en_US&feature=player_embedded&version=3&w=640&h=390]
Sorting Countries by Dividend Yield
Another great chart from the GIRY doc below, would be nice to see this paired with momentum. The dataset is available through Morningstar as...