Monthly Archives: May 2014

What is the Effect of a Label? Smart Beta Makes Bill Sharpe “Sick”

Posted on May 13, 2014 by Ray Galkowski, CFA

Bill Sharpe gave us the Sharpe Ratio to help determine whether an active investment manager is “beating” the market after adjusting for the risk that the manager assumed. Sharpe is from the Efficient Market school of academia, which believes that markets are … Continue reading →

Share
Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Guilty and Gullible Revealed

Posted on May 10, 2014 by Ray Galkowski, CFA

The WSJ published another great Review section in today’s Weekend edition. The lead article was an excerpt from University of Chicago economist Levitt and Dubner’s upcoming book. The excerpt was from a chapter on tricking the guilty and the gullible to … Continue reading →

Share
Posted in Uncategorized | Tagged , , , | Leave a comment

Howard Marks: The Top-Ten Qualities that Make Warren Buffett Different from Most Investors

Posted on May 1, 2014 by Ray Galkowski, CFA

The following are bullet points reproduced (and numbered by order of appearance) from Howard Marks’s Forward to the third edition of The Warren Buffett Way, by Robert G. Hagstrom. Marks writes a couple of paragraphs to elaborate on each bullet point, … Continue reading →

Share
Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment