by admin | Jul 18, 2010 | Investment Performance Guy, News
The sources of inspiration for blog pieces seems almost infinite. Today, while reading the bible, I found the above quote (it’s from the book of Ecclesiastes, Chapter 7, verse 29). Men (and women), in general, obviously have many calculations to draw upon; and...
by admin | Jul 2, 2010 | Investment Performance Guy, News
Palm Beach, Florida-based money manager Carl Domino, Inc. typically sends notes preceding various holidays, and this week was no exception. I was one of the many fortunate ones who received this greeting: July 4th is an important day in America’s history. A day where...
by admin | Jul 1, 2010 | Investment Performance Guy, News
I taught our Introduction to Performance Measurement course yesterday and one student asked how one might know whether, if the tracking error is high, it is because of (a) active management or (b) the wrong index being used? I don’t believe there’s a...
by admin | Jun 27, 2010 | Investment Performance Guy, News
In today’s Wall Street Journal, Terry Teachout provides a very interesting series of observations on complexity, as it relates to writing and music: “Too Complicated for Words.” He cites a paper by Fred Lerdahl, which speaks directly on complexity...
by admin | Jun 24, 2010 | Investment Performance Guy, News
The title for this post comes from the book of Job (chapter 13, verse 18). It occurred to me that this is quite applicable when we consider the debate on money- vs. time-weighting. I know that some of you are saying “no, not again!!!,” but it’s a...
by admin | Jun 22, 2010 | Investment Performance Guy, News
I taught a class yesterday and, as I typically do, when I got to the topic of peer groups I mentioned one of its disadvantages: questionable makeup of the universe. That is, does the manager belong here?And, as I typically do, I cited an episode of Seinfeld to make my...
