I for one do believe it is impossible for the individual investor to succeed in the long run in active management. He does not have the resources of the large...
First, this assumes that institutional investors (including hedge funds) are consistently able to generate sufficient alpha to justify the resources devoted to...
I rather agree with this statement about active management, although institutionnal investors have their own hindrances (not easy to buy, sell or cover a large...
"..."promises???" risk adjusted returns? I'm reading Mandelbrot's book now (what do you all think of it--that chaos is always there, etc?)...and I don't think...
IMHO most people's abundant supply of fear and greed trumps their attempts to make rational decisions. There is a way to statistically analyze the very...
I think that's a provocative statement. If we define "active management" as the level of activity that is necessary to optimize investment returns, individual...
I have read that some large institutions, like university endowment funds, raise their rate of return by increasing their risk profile along the efficient...
Hi, I was wondering if anyone here has some experience with the asset pricing model propsed by Barberis, Santos and Huang in their paper "Prospect Theory and...
Thanks, Martin. That study of the relations between risk taking and situations in which competition is intense opens certainly an interesting path of research....
Hi, dear members and visitors! Here is, with your morning coffee, the 89th month newsletter. In the previous one I stated: "I will spare you my cognitive and...
Hi John, I'm new to this. Can you please elaborate on what you envisage here:- ... analysis of stock prices, much the same as used in option pricing. Thanks, ...
Hi Jan, This is a little hard for me to put into words, but I'll try. The way I analyze a stock is very different than what I was taught in school (of course...
Topic: Unsupervised clustering as an alternative to traditional chart patterns Has anyone had any experience they care to share on using unsupervised...
Would anyone have any ideas on applying behavioral finance to M&A or valuation. I noticed that from a brief review of the prior literature, it appears that...
I would not start a pool on something that might be soon history, but it could have brought interesting BF findings "If you had been a customer of Northern...
The opportunity cost of taking the money out from a savings/checking account from Northern Rock is very low, just spend some time to the bank or to write a...
Hi All, Responding to this, I have had the opportunity of seeing a few such panic runs on banks etc., and rarely has panicking helped. Either the bank is...
May be I would not go to take my money out from the Bank, but the fact is that I am a professional and in this case I can know how is the hole, but anyway if I...
The fact you did not see a bank fail to pay off its client's money does not mean that it did not or will not happen. There had been some banks failure leading...
I have traditionally been a lurker on this group, as I do not have a lot of qualifications to make comment on most topics. However, in this case I think I am...
But you have to be prepared for the worst. For some loans, there may be clauses that allow a bank or its successor to ask for early repayment of loans....
Behavioural Finance '07 Royal Society of Arts, London WC2, 28 November 2007 Strategies for exploiting market inefficiencies Behavioural Finance 2007 is a one...
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