by admin | Jul 28, 2013 | Investment Performance Guy, News
When I teach our firm’s Fundamentals of Performance Measurement class, I begin by saying how performance measurement isn’t limited to investing. We encounter the opportunity to observe or participate in performances all the time. My friend, Herb Chain, is...
by admin | Jul 25, 2013 | Investment Performance Guy, News
I’m teaching a Fundamentals of Performance Measurement class in Sydney this week, and it struck me how much we can use from golf that applies to performance measurement. For example:Measuring performance: performance in golf is measured quantitatively (a...
by admin | Jul 23, 2013 | Investment Performance Guy, News
I was recently asked to do some analysis on a firm’s return calculation process; this request stemmed from the fact that they were getting different returns for the same period. I surprised them, I think, when I said that more than one return could be...
by admin | Jul 19, 2013 | Investment Performance Guy, News
A common myth that I often run into is the one involving building up returns from the underlying assets. That is, the belief that if you calculate the returns at the security level and then “roll them up” to derive the portfolio return, that is somehow...
by admin | Jul 16, 2013 | Investment Performance Guy, News
I had a discussion recently with a good friend and colleague, who suggested that when evaluating a manager’s performance, returns should be net of inflation. I’m not so sure about this.What are the “nets” we’re familiar...
by admin | Jul 15, 2013 | Investment Performance Guy, News
I’ll admit that it’s a bit unusual that a sermon would be the inspiration for a blog post, but that’s the genesis (pardon the pun) for this one.At Church today, the Gospel was the well known (i.e., familiar) story of The Good Samaritan. Our...
