by TSG | Mar 21, 2015 | money-weighting, Performance Perspectives Newsletter, time-weighting
VOLUME 12 – ISSUE 6 February/March 2015 Download PDF...
by admin | Jan 13, 2012 | GIPS, Global Investment Performance Standards, Modified Dietz, money-weighting, time-weighting
Last year John Stossel wrote a piece titled “Almost Everything We’re Taught Is Wrong.” When it comes to performance measurement, there’s some truth to this, too. Sorrowfully, many refuse to be open to the possibility that the way they’ve...
by admin | Jan 4, 2012 | money-weighting, time-weighting
When teaching our Fundamentals of Investment Performance course, when writing my books, and often when simply having conversations with clients, I am often faced with the task of explaining, in as clear a manner as possible, the differences between time and money...
by admin | Sep 19, 2011 | internal rate of return, IRR, risk, time-weighting
Someone recently asked me what risk statistics should be used with the internal rate of return (IRR), (which, as any reader of this blog knows, is my preferred return measure). Sadly, I didn’t have an immediate reply.The plethora of risk statistics that are...
by admin | Jul 10, 2011 | money-weighting, time-weighting
This weekend’s WSJ has once again provided us with a topic to address, specifically from Jason Zweig’s column, titled “Why We Can’t Tell if the Market is Half Empty or Half Full.” He points out that “For most investors, getting a...
by admin | Jun 29, 2011 | IRR, money-weighting, time-weighting
“Men have had recourse to many calculations”Ecclesiastes 7: 29What’s the interpretation of this line? Sadly, my bible doesn’t reference which return formulas the writer was referring to, but one with an open mind can conjecture that it’s...
