My last post of 2010 dealt with some epiphanies I had relative to performance measurement, and how they altered my thinking regarding money-weighting, the aggregate method for composite returns, and asset-weighting composite returns.

Well, today is the Feast of the Epiphany, and it occurred to me that a wish for me and you for 2011 is that we all experience many epiphanies this year: there is nothing wrong with having our eyes opened up, to see things from different perspectives, and to continue to learn. Hope you agree.

Happy New Year!