This article explores a globally diversified asset allocation strategy driven by value and
momentum factors. The authors find that adjusting for value and momentum yields higher and …

You’re invited to a talk by a former hedge fund manager who was a partner at a fund that
famously flopped about 20 years ago. You turn up, hoping to hear some valuable insights or at …

… In the first pages of this excellent new book by Victor Haghani … When Victor first told me this
story over dinner, I suggested … Victor and James develop a logical and practical framework …

Early in the 1950s, academics and investors started proposing in earnest a variety of summary
statistics to capture in a single number the quality of an investment. Sharpe Ratio became …

A sound policy for spending wealth over time is as important as a sensible investment policy.
It's a complex problem for taxable individuals with finite, uncertain longevity. A good start is …

The use of options by individual investors has grown dramatically in recent years. The
authors evaluate several popular options strategies, including portfolio insurance, life cycle …

… VICToR HAGHANI … JAMES WHITE AND VICTOR HAGHANI … This is logically
unsound in that it presupposes that passive investors know a priori which equities are …

What would you do if you were invited to play a game where you were given $25 and allowed
to place bets for 30 minutes on a coin that you were told was biased to come up heads 60…

The longest bull market in US stock market history is over. Uncertainty over the public health
and economic impact of the coronavirus pandemic will keep markets extremely volatile, …

The bedrock of financial economics is that there should be a tradeoff between risk and reward:
an investment with low risk should have a low expected return, while one that could make …