Podcasts about Sharpe ratio

Small und Mid Caps sind ein wichtiger Bestandteil eines breit diversifizierten Portfolios. Die kleineren Unternehmen, die oft aus dem Mittelstand kommen, sind meist spezialisierter und wendiger als große, hoch kapitalisierte Unternehmen, was Chancen birgt. Gleichzeitig gibt es bei kleineren Aktienwerten aber auch Risiken, die nicht unterschätzt werden sollten. Die Pros und Contras von Nebenwerten erläutert Ihnen in dieser Podcast-Folge Karl Matthäus Schmidt, Vorstandsvorsitzender der Quirin Privatbank AG und Gründer der digitalen Geldanlage quirion. Welche kleine Geschichte ist Schmidt zuletzt aufgefallen und sollte hier unbedingt erzählt werden? (1:13) Was sind Small und Mid Caps genau? Wann bzw. bei welchen Kriterien wird eine Aktie diesen Segmenten zugeordnet? (2:21) Was sind klassische Unternehmen aus diesem Segment? (3:57) Warum sollte man in Small und Mid Caps investieren? (4:39) Warum sind Nebenwerte riskanter? (6:18) Bieten sich bei Small und Mid Caps auch ETFs an, um die Risiken breit zu streuen? (7:03) Welche ETFs sollte man genauer betrachten: die, die auf einen Index setzen, oder auch individuell zusammengestellte ETF-Körbe aus kleineren Aktien? (7:38) Gibt es eine Art Welt-ETF, der auf kleine Aktien setzt? (8:35) Was sind die besten Small und Mid Cap-ETFs? (10:06) Welche Rolle spielen Small und Mid Caps in der Portfolio-Struktur der Quirin Privatbank und wie hoch ist deren Anteil aktuell? (10:54) Was ist der Unterschied zwischen Small Caps und Pennystocks? (12:17) Lohnen sich weitere Überlegungen zu den sogenannten Nano Caps mit einer Marktkapitalisierung von unter 50 Millionen Dollar? (13:30) Wie lautet Schmidts Fazit? (14:18) Gut zu wissen: Die Kategorisierung von Small, Mid und Large Caps erfolgt anhand der sogenannten Marktkapitalisierung, also des aktuellen Börsenwerts eines Unternehmens. Hier gibt es gewisse Betragsgrenzen, die aber relativ fließend sind und somit nur zur groben Orientierung dienen. Small und Mid Caps (auch Nebenwerte genannt) sind, wie der Name schon sagt, Unternehmen mit einer eher geringeren Marktkapitalisierung. In Nebenwerte wird oft in der Hoffnung auf überdurchschnittliche Performance investiert. Diese ist zwar phasenweise möglich, die Chance sollte aber nicht der ausschlaggebende Grund für ein Investment sein. Entscheidend ist, dass Nebenwerte ein wichtiges Element zur vollständigen Aktienmarktabdeckung sind. Nebenwerte bieten damit Diversifikations- bzw. Risikosenkungspotenzial – und das, obwohl sie für sich genommen relativ stark schwanken. Kursrisiken aus einer zu hohen Nebenwerte-Gewichtung sollten nicht unterschätzt werden. Breite, globale Streuung ist insbesondere auch bei Small und Mid Caps sehr wichtig, am besten mit ETFs. Folgenempfehlung: Folge 211: Geldanlage mit Weitsicht – was sind die besten Strategien für jede Lebensphase? https://www.quirinprivatbank.de/anlegerwissen/podcast/podcast-folge-211

Gary Antonacci is back on the show after having released a new research paper with Carlo Zarattini from Concretum Research which constitutes a 100-year study on trend following US sectors. The strategy deployed in the paper has an impressive long-term track record, averaging an annual return of 18.2% with 12.6% volatility and a Sharpe Ratio of 1.39. Using Keltner and Donchian channels for entries & edits, volatility-based position sizing and a universe of 48 sectors, the simple model is surprisingly robust and a testament to the enduring power of trend following. Get all the links over at www.thealgorithmicadvantage.com

In this week's episode of the Coin Stories News Block powered by Bitdeer (NASDAQ: BTDR), we cover these major headlines related to Bitcoin and global finance: President Biden Vetoes Pro-Bitcoin Banking Bill  BlackRock Dethrones Grayscale to Become Largest Bitcoin Fund How a Bitcoin Allocation Can Boost a Traditional 60/40 Portfolio's Returns  ---- SUBSCRIBE TO NATALIE'S FREE NEWSLETTER: nataliebrunell.substack.com ---- The News Block is powered exclusively by Bitdeer Technologies Group (NASDAQ: BTDR), a publicly-traded leader in Bitcoin mining that stands alone as the only vertically-integrated, technology-focused Bitcoin mining company. Learn more at www.bitdeer.com.  ---- References mentioned in the episode:  GAO Says that SAB-121 is SEC Rule  ABA Pens Letter to President Biden on SAB-121 Biden Vetos Bill Overturning SAB-121 Rule  Biden's Statement on Veto of SAB-121 Bill  Trump First President to Accept Lightning Donations BlackRock Becomes Home to Largest Bitcoin Fund BlackRock Now Runs the World's Largest Bitcoin Fund BlackRock ETF First ETF to Reach $20B in 1000 Days NYSE President Comments on Bitcoin ETFs Coin Stories Interview with Jurrien Timmer Nakamoto Portfolio to Analyze Risk-adjusted Returns Bitcoin's Sharpe Ratio is 2.88 Over the Last Year Charlie Bilello's Stat on Worst Bond Bear Market Ever Marquette Professor on Wisconsin State Pension Fund ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories   #money #Bitcoin #investing

Guest Host: Greg Magadini, Amberdata On this episode we discuss: The crypto markets over the past week AmberLens, Amberdata's institutional market intelligence platform Volatility drift BITX  The Great ETH Fade Bitcoin and Ether volatility, skew, major options positioning All the explosive upside action in Bitcoin, Ethereum, Solana, more The mysterious doge sharpe ratio And much more...

Guest Host: Greg Magadini, Amberdata On this episode we discuss: The crypto markets over the past week AmberLens, Amberdata's institutional market intelligence platform Volatility drift BITX  The Great ETH Fade Bitcoin and Ether volatility, skew, major options positioning All the explosive upside action in Bitcoin, Ethereum, Solana, more The mysterious doge sharpe ratio And much more...

Esistono degli indicatori che possono aiutarci a confrontare due o più investimenti?In questo episodio andrò ad analizzare lo Sharpe ratio, un indice di misura di performance aggiustata per il rischio che misura il rendimento di un portafoglio per unità di rischio complessivo.Buon ascolto!--------------------------------------Inserisci i tuoi contatti per poter fare una call gratuita e senza impegno con un tutor di Piano Finanziario:Info call gratuita Piano FinanziarioEffettua ora il tuo check-up finanziario a soli 95€ (anziché 197€) utilizzando questo link:⁠⁠⁠⁠⁠https://www.pianofinanziario.it/federicosormani⁠⁠⁠⁠⁠--------------------------------------Scarica gratuitamente il foglio excel per analizzare la tua pianificazione finanziaria:https://bit.ly/corretta-pianificazione-finanziariaScarica gratuitamente il foglio excel col calcolatore dell'interesse composto: ⁠⁠⁠⁠⁠https://bit.ly/calcolatore-interesse-compsoto-PACvsPIC⁠⁠⁠⁠⁠Scarica gratuitamente il foglio excel per calcolare il tuo stato patrimoniale: ⁠⁠⁠⁠⁠https://bit.ly/calcola-il-tuo-stato-patrimoniale⁠⁠⁠⁠⁠Scarica gratuitamente la mappa concettuale sintetica su come superare la paura di investire:⁠⁠⁠⁠⁠https://bit.ly/Come-superare-la-paura-di-investire⁠⁠⁠⁠⁠--------------------------------------Se vuoi, puoi entrare a fare parte del mio progetto finanziandolo e ottenendo in cambio ulteriori servizi e vantaggi: ⁠⁠⁠⁠⁠https://bit.ly/tipeee-federicosormani⁠⁠⁠⁠⁠Un ringraziamento personale ai miei tippers: Noemi Cenni, Marina Manzoni, Gabriele Contini, Paola Sormani, Giovanni Pianigiani, Edoardo Tofi, Jacopo Fumanti Petrini, Francois Mickel.--------------------------------------Per metterti in contatto con me (feedback/consigli/critiche/interviste/collaborazioni):untoldmoney.podcast@gmail.com⁠⁠⁠⁠⁠https://bit.ly/linkedin-federicosormani

In der neuesten Episode von "Diversify - Der Private Market Podcast" beschäftigen sich Robin und Hendrik mit den aktuellen globalen Finanzbewegungen und tauchen in die Welt der Hedgefonds ein. Sie diskutieren spannende Themen wie den bevorstehenden Börsengang von CVC Capital Partners und die jüngsten Wirtschaftsdaten aus China.

David Dredge is the Chief Investment Officer of Convex Strategies, which is an agnostic value investor in volatility. David has over 30 years experience managing risk across global markets. Prior to launching Convex Strategies, David served as a Managing Director and Portfolio Manager at Artradis Fund Management in Singapore, where he was responsible for the fixed income aspects of their volatility strategy. Earlier in his career, David built and ran Asian and Global EM trading businesses for RBS (ABN AMRO Group), Bankers Trust, and Bank of America. He currently sits on the Monetary Authority of Singapore Markets Committee (SFEMC). This podcast covers: the problem with the BoJ's timid hike, fiscal dominance and the need for bond buyers, how central banks have shifted goalposts on inflation, and much more.    Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive

Vince Scully from Life Sherpa is my special guest in this episode where we uncover the essential role infrastructure plays in stabiliaing and diversifying your investment portfolio. From the bustling roads to the energy that powers our homes, infrastructure investments can enhance your portfolio's risk-adjusted returns and improve its Sharpe Ratio. But what does this all mean for the individual investor?We journey through Vince's past life as an infrastructure deal maker at Macquarie Bank, and gain valuable insights into how infrastructure deals are structured and the risks involved. Learn about the influence of government regulations, the importance of cost of capital, and the impact of real interest rates on infrastructure investments. More info about Life Sherpa at this link: https://www.sharesforbeginners.com/life-sherpaHere's a link to the blog post: https://www.sharesforbeginners.com/blog/life-sherpa-infrastructurePortfolio tracker Sharesight records your trades, shows your true performance, and saves you time and money at tax time. Sharesight automatically tracks price, performance and dividends from 240,000+ global stocks, crypto, ETFs and funds. Add cash accounts and property to get the full picture of your portfolio – all in one place. Get 4 months free at https://www.sharesforbeginners.com/sharesight-portfolio-tracking Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.

In dieser 200. Podcast-Folge schauen wir 10, 20 und auch 30 Jahre zurück, um zu prüfen, was aus 100.000 Euro geworden wären, wenn man sie damals in Aktien, Anleihen, Gold, auf dem Sparbuch oder auch in Krypto-Assets investiert hätte. Karl Matthäus Schmidt, Vorstandsvorsitzender der Quirin Privatbank AG und Gründer der digitalen Geldanlage quirion, macht den großen Marktcheck zu der Entwicklung aller wichtigen Anlageklassen. Freuen Sie sich auf folgende Fragen: • Warum erscheint der Podcast ab sofort alle zwei Wochen? (1:25) • Welchen Preis hatte Schmidts erste Aktie und wo steht sie heute? (2:40) • Hat er die Aktien noch oder zwischenzeitlich verkauft? (3:43) • Welche Renditen waren mit dem DAX in den letzten 10, 20 und 30 Jahren möglich? (4:53) • Spielen Änderungen in der Zusammensetzung des Index eine Rolle bei der Rendite-Betrachtung? (6:19) • Wie sah die Entwicklung des MSCI World in den vergangenen ein, zwei und drei Dekaden aus? (8:39) • Warum ist der MSCI World besser gelaufen als der DAX? (9:50) • Was bedeuten die Renditeunterschiede der Vergangenheit für die Diversifikation eines Portfolios? (11:13) • Was hat das mit der Volatilität zu tun? Was bedeutet Volatilität genau? (13:30) • Was macht man mit der Erkenntnis der Volatilitätsunterschiede? (15:29) • Welche Renditen haben 10-jährige Bundesanleihen in den vergangenen 10, 20 und 30 Jahren abgeworfen? (15:55) • Wie hat sich Gold in den drei Zeiträumen geschlagen? (17:09) • Welche Renditen wären mit einem Sparbuch oder einem Festgeldkonto hier möglich gewesen? (18:24) • Was bedeuten all diese Zahlen in der realen Betrachtung – also im Vergleich zur Inflation? (19:16) • Wie viel zehntausend Prozent wären in den vergangenen 10 Jahren mit Krypto-Assets drin gewesen? (21:04) • Jemand, der vor 10 Jahren alles in Bitcoin gesteckt hätte, wäre heute ein reicher Mann bzw. eine reiche Frau. Warum rät der Banker trotzdem von einem solchen Vorgehen ab? (21:58) • Wie sieht ein gut diversifiziertes Portfolio aus? Auf welche Anlageklassen sollte man sich fokussieren? (23:31) • Welche Rolle spielen ETFs bei der Diversifikation? (25:01) • Welche Renditen wären mit einem breit diversifizierten Portfolio in den letzten 10, 20 oder 30 Jahren möglich gewesen? (25:33) Die wichtigste Botschaft ist, dass man sich von Renditeunterschieden der Vergangenheit nicht dazu verführen lassen sollte, in das Segment mit der höheren historischen Rendite zu wechseln oder auch verstärkt darauf zu setzen. Stattdessen sollte man konsequent an einer breiten Streuung festhalten. Selbst in Zeiten, in denen wir geringe Inflationsraten hatten, konnte man mit einer Festgeldanlage den Realwert seines Vermögens meistens nicht erhalten. Bei Anleihen ist es ähnlich, aber nicht ganz so drastisch. Hier war über den 20- und 30-jährigen Zeitraum eine knappe Realwertsteigerung möglich. Lediglich bei Aktien kann eine systematische Realwertsteigerung erwartet werden. Demnach sollte man sich auf die Anlageklassen konzentrieren, von denen man aus ökonomischen Gründen langfristig eine Rendite erwarten kann, die über dem risikolosen Zins liegt – in liquiden Anlagesegmenten sind das internationale Aktien und Anleihen. In einem maximal breit gestreuten Depot haben Anleihen hierbei die Funktion des Risikoregulators. Gold empfehlen wir nur als Beimischung und von Kryptowährungen raten wir ganz ab, da sie höchst spekulativ sind und nichts mit einem systematischen Investment zu tun haben. Sie möchten mehr dazu wissen? Dann bestellen Sie unser Buch vom klugen Umgang mit Geld: https://www.quirinprivatbank.de/buch. Folgenempfehlung Die Deutschen gelten oft als Sparweltmeister, kommen aber trotzdem kaum auf einen grünen Zweig. Dieser Eindruck drängt sich zumindest auf, wenn man sich ansieht, wo Deutschland beim Pro-Kopf-Vermögen im internationalen Vergleich steht. Auf welchem Platz die Deutschen landen und woran es liegt, dass so viele Nationen mehr Vermögen haben als wir, erläutert Karl Matthäus Schmidt in dieser Podcast-Folge: Folge 196: Sparweltmeister Deutschland – wieso scheitern wir am Vermögensaufbau? https://www.quirinprivatbank.de/podcast/podcast-folge-196 _______________________

Willy Woo joins me to discuss the nature of money, Bitcoin's utilization of new and cheap energy sources, how derivatives and futures markets affect Bitcoin's price, and the macroeconomics of Bitcoin. Willy Woo is an analyst, entrepreneur, and investor. He is a Partner at Crest and SyzCrest FoF. // GUEST // Twitter: https://twitter.com/woonomic/ Website: https://www.crest.fund/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00 - Coming up 00:15 - Intro 01:48 - Helping Lightning Startups with In Wolf's Clothing 02:34 - Introducing Willy Woo 03:24 - Money: A Ledger of Ownership 04:31 - Social Consensus, Matter, and Energy 08:04 - Controlling the Fiat Ledger 10:19 - Money as a Social Construct 12:03 - Bitcoin: A Physical & Digital Asset 13:46 - Need for Competing Currency 16:45 - Bitcoin's Utilization of New and Cheap Energy Sources 20:05 - Run Your Business From Anywhere with NetSuite 21:10 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 22:08 - Impact of Derivatives Market 27:28 - How the Futures Market Affects the Bitcoin Price 29:57 - History and Significance of ETFs 33:58 - Weakness of Bitcoin 37:29 - Effect of Futures Market on Volatility 39:36 - Price Discovery for Bitcoin 41:46 - Take Control of Your Healthcare with CrowdHealth 42:48 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 43:39 - Macroeconomics of Bitcoin 46:41 - Global Liquidity Cycle & Upcoming Halving 49:23 - Sharpe Ratio 51:15 - Short Squeeze of the Century 52:50 - Where to Find Willy on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22

Jerry Parker, Founder of Chesapeake Capital is perhaps the most successful of the famous group of Turtles, and today we discuss what he has learned from his 40+ years love affair with Trend Following, and how he has evolved his CTA program. We debate the challenges of using the Sharpe Ratio and what improvement really look like, how he uses volatility in his trend following process and the conflicts that can arise when working with clients. We also find out why Jerry believes you can be a good manager without using stops even if this is not how he does it, why he believes in trend following plus nothing, why he felt he had no choice than to launch an ETF with that name and much more.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Learn more about Chesapeake Capital.Episode Timestamps:02:58 - Introduction to Chesapeake Capital07:02 - Jerry's key trend following learnings12:54 - Jerry's investment philosophy17:02 - Being evolutionary without too much tinkering22:09 - Advice on running a trend following program26:48 - Their process for selecting parameters32:15 - What does an improvement look like...if not a higher Sharpe?39:25 - The role of volatility in the trend following process44:41 - The challenges of working with clients48:51 - What if everyone was a trend follower?54:21 - Can you be a good manager without using stops?57:05 - Why...

Es waren zwei Nachrichten, die im Mai fast zeitgleich über die Ticker kamen und die verschiedener nicht sein konnten. Die eine lautete: Der deutsche Aktienindex DAX ist auf ein neues Allzeithoch gestiegen, und die andere: Die deutsche Wirtschaft befindet sich in einer Rezession. Karl Matthäus Schmidt, Vorstandsvorsitzender der Quirin Privatbank AG und Gründer der digitalen Geldanlage quirion, redet in dieser Podcast-Folge über die DAX-Rally, scheinbar widersprüchliche Nachrichten und die Konsequenzen für die Geldanlage. Dabei geht er auf folgende Fragen ein: • Trotz Krieg, den Corona-Folgen und weiter steigenden Zinsen ist der DAX auf ein neues Allzeithoch gestiegen. Im Juni folgte dann gleich noch ein weiteres. Was waren die Gründe hierfür? (1:10) • Hat sich die hohe Inflation auf die Unternehmens-Strategien und damit auch auf das Aktienverhalten ausgewirkt? (2:54) • Wie sehen die deutschen Unternehmensgewinne in diesem Jahr aus? (4:36) • Der DAX hat sein Hoch trotz vieler schlechter Nachrichten geschafft. Hat Schmidt eine Erklärung dafür? Warum spielen die BIP-Zahlen offensichtlich keine oder kaum eine Rolle? (5:13) • Welches Signal sendet ein neues Allzeithoch bei einem Aktienindex wie dem DAX? Jetzt weiter zukaufen oder vielleicht doch besser vorsichtig sein, da die Kurse schon so weit oben sind? (6:13) • Wie hat sich der DAX in der Vergangenheit nach dem Erreichen eines Alltime-Highs verhalten? Lässt sich daraus etwas ableiten? (7:51) • Gibt es Zahlen dafür, dass Allzeithochs keine Seltenheit sind? (9:17) • Der DAX hat neue Hochs erreicht, während andere Aktien-Indizes wie der amerikanische Dow Jones oder auch der MSCI World noch hinterherhinken. Haben Anlegerinnen und Anleger, die breit und weltweit streuen, damit nicht eine schlechtere Performance erzielt als diejenigen, die auf einen reinen DAX-ETF setzen? (9:54) • Was bedeutet diese Zufälligkeit der Rendite-Unterschiede beider Indizes? (12:23) • Gibt es ein Beispiel dafür, dass die Rendite-Unterschiede vom Betrachtungszeitraum abhängig sind? (13:08) • Wenn die Renditeentwicklung bestimmter Indizes kein zuverlässiger Wegweiser für eine Anlagestrategie ist, was kann dann weiterhelfen? (14:22) • Man braucht Rendite und Volatilität im Doppelpack. Gibt es eine Kennzahl, die beides zusammenfasst? (16:45) • Wie sieht das Sharpe Ratio für den Dax und den MSCI World konkret aus – und welche Rückschlüsse kann man daraus ziehen? (17:24) • Abschließend: Doch besser den MSCI World als den DAX kaufen? (18:05) Kurzfristig gesehen, wird es immer einen Weltmarkt geben – wie aktuell der deutsche Aktienmarkt – der zwischendurch besser performt. Wenn man wüsste, welcher Markt in den nächsten Monaten die Nase vorn hat, könnte man immer genau darin investieren und hätte eine weit überdurchschnittliche Rendite erzielt. Aber leider kann niemand in die Glaskugel schauen, auch wenn sogenannte Chart-Techniker und Fondsanalysten uns das gerne glauben machen wollen. Daher ist es nach wie vor sinnvoll, für ein optimales Rendite-Risikoverhältnis maximal breit gestreut in die weltweiten Kapitalmärkte zu investieren. Und hierbei ist der richtige Zeitpunkt zu investieren immer jetzt, denn statistisch gesehen sind Allzeithochs gar keine Besonderheit. Im Durchschnitt waren rund ein Drittel der Monatsschlusskurse des S&P 500 in den letzten 100 Jahren historische Höchststände. Sie wollen dem fahrenden Börsenzug nicht bloß hinterherschauen? Dann lassen Sie sich gerne beraten: https://www.quirinprivatbank.de/kontakt Folgenempfehlung Wenn in Aktien investieren, dann weltweit und breit gestreut. Dieses Motto ist vielen Sparerinnen und Sparern mittlerweile bestens bekannt und daher wird häufig der MSCI World-Index für die Geldanlage genutzt – meist mit Hilfe von ETFs. Warum der der MSCI World noch keine wirkliche Anlagestrategie ist und wie man ein Portfolio möglichst breit streut, hören Sie in dieser Podcast-Folge: Folge 163: MSCI World – reicht ein Welt-ETF als Anlagestrategie? https://www.quirinprivatbank.de/podcast/podcast-folge-163 _______________________

William F. Sharpe is the STANCO 25 Professor of Finance, Emeritus at Stanford University's Graduate School of Business. He was one of the originators of the Capital Asset Pricing Model, developed the Sharpe Ratio for investment performance analysis, and has published articles in a number of professional journals. In 1990, he received the Nobel Prize in Economic Sciences. This episode of the podcast is hosted by Jon Luskin, CFP®, a long-time Boglehead and financial planner. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.    Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.     This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes Exploring the Retirement Consumption Puzzle (Retiree Spending Smile) Bogleheads® Live with David Blanchett: Episode 14 The Arithmetic of Active Management Bogleheads® Live: Episode 1 - Investing Internationally (clip) Submit questions for Jonathan Clements 2023 Conference - The John C. Bogle Center for Financial Literacy John C. Bogle Center for Financial Literacy Bogleheads® Forum Bogleheads® Wiki Bogleheads® Reddit Bogleheads® Facebook Bogleheads® LinkedIn Bogleheads® Twitter Bogleheads® on Investing podcast Bogleheads® YouTube  Bogleheads® Local Chapters Bogleheads® Virtual Online Chapters Bogleheads® on Investing Podcast Bogleheads® Conferences Bogleheads® Books The John C. Bogle Center for Financial Literacy is a 501(c)3 nonprofit organization. At Boglecenter.net, your tax-deductible donations are greatly appreciated. 

In this episode, Manny Kim from Giza Capital joins the show to discuss the Sharp Ratio and its application to income property. The Sharp Ratio, developed by William F. Sharp, measures the reward-to-variability ratio of an investment and is widely used in quantitative finance. It compares the excess return of an asset class to the standard deviation of that return, providing a single number to assess investment performance. This ratio allows for apples-to-apples comparisons between different asset classes, including real estate and stocks. Real estate tends to have lower volatility than stocks due to its lower liquidity, making it a potentially attractive investment. However, it is important to consider the assumptions and limitations of the Sharp Ratio, such as the stability of variance and the distribution of returns. By calculating the Sharp Ratio, investors can evaluate risk-adjusted returns and make informed investment decisions. #SharpRatio #InvestmentPerformance #RealEstate #StockMarket #RiskAdjustedReturns Key Takeaways: Jason's editorial 1:25 Welcome to Portofino, Italy 4:49 "Buy and Hold" 6:09 The "Due On Sale" Clause- addressing the housing shortage 7:11 Massively low rates Manny Kim interview 8:46 Introducing the Sharpe Ratio 9:21 How and why the Sharpe Ratio applies to income property and not just the stock market 10:50 What is the Sharpe ratio 12:23 A theoretical sample 13:23 Income property- a better risk adjusted return 15:00 Pros and cons 17:16 Actual calculations for stock market and income property 18:28 Calculating the Sharpe ratio for the stock market 20:00 Doubling the Sharpe ratio with income property 21:27 Comparing the stock market versus income property   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Buckle up for a fascinating conversation with Roy Niederhoffer, President of R.G. Niederhoffer Capital Management, as he shares insights on managing a billion USD through short-term trading. Discover why he's chosen this approach and how he's overcome its challenges. You'll also gain valuable insights on human biases surrounding the Sharpe Ratio, the impact of an inverted yield curve on longer-term trend following strategies, and why Roy "has PTSD" from investing in the stock market. Dive deep into the drivers of short-term trading and learn why thinking like a trader is key to successful research. Plus, Roy offers a cautionary note on the dangers of machine learning. Don't miss this illuminating conversation!-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----ATTENTION TTU TRIBE : SIGN-UP for Rick Rule's Symposium: Once in a life-time natural resource insights from the BEST investors in the world via a first-class livestream or Live event!Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Learn more about R.G. Niederhoffer Capital Management.Episode Timestamps:02:16 - Introduction to R.G. Niederhoff Capital Management03:46 - Their investment philosophy10:00 - A period of challenges13:26 - Believing in change15:45 - Who's Sharpe should we be concerned about?23:02 - Looking back in time30:42 - The role of short-term trading38:56 - What drives short-term...

Michael Kosic is a Managing Partner of the Loyal VC, founded in 2018. Loyal runs a global venture fund with flexible redemptions and a proprietary gate-stage process, reducing investment bias and unlocking greater returns. Loyal draws on Michael's lifelong experience as a technology entrepreneur, professional Industrial Engineer, and Angel Investor, while heavily leveraging his INSEAD network, where he earned his MBA, and the Founder Institute accelerator. Read the transcript here at: www.bravesea.com/blog/michael-kosic WhatsApp Daily Insight: https://chat.whatsapp.com/CeL3ywi7yOWFd8HTo6yzde Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T Youtube: https://www.youtube.com/@JeremyAu/featured Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Tiktok: https://www.tiktok.com/@jeremyau?lang=en Instagram: https://www.instagram.com/jeremyauz/ Twitter: https://twitter.com/jeremyau Visit our community at: www.bravesea.com

Today, Mark Rzepczynski joins us at the end of another Fed driven week. We discuss the pros and cons of being a long term trend follower compared to a short term trend follower in terms of performance and Sharpe Ratio, and why you would want to apply the same rules to long and short sided trades, how to understand long and short term volatility, the advantages of being a systematic manager and the limits to how much AUM a manager can handle, how Rzepczynski will be focusing on change point detection in his next endevour and why it is important as a trend follower to think in terms of radical uncertainty or disequilibriums and much more.----------EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Mark on Twitter.Episode TimeStamps:03:20 - What happened this week?11:01 - Individual Sharpe vs. portfolio Sharpe18:59 - Industry performance update19:56 - Q1, Pete: Same rules for longs and shorts - why?32:25 - Q1 Follow-up: Change position right away or wait for first new trade entry?36:09 - Q2, Callum: Question regarding TTU series with Ryan O'Grady40:57 - Q3, Tim: Questions regarding link between Performance and AUM50:21 - The problem with flat fees55:06 - The idea of change point detection01:00:18 - The age of disconnect01:11:01 - The impact of disruptors01:17:04 - Final thoughts Copyright © 2023 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment...

Today, we are joined by Marty Bergin, President of DUNN Capital Management, for a conversation on how and why they have continued to focus on Trend Following as their core investment strategy. We discuss the challenges of improving upon trend following and if it's possible to deliver it with a high Sharpe Ratio, what differentiates DUNN Capital from other trend followers and how they use research to stay well prepared. We also dig into their approach to trading futures and determining trends and where they see the weaknesses of trend following strategies, why they choose to look at the overall portfolio when managing the risk and why they think portfolio replication can be problematic. We also discuss how they manage risk and why they prefer to reside in the medium to long term when it comes to trend following, how they approach capacity and fees and why they choose to trade using a human touch rather than automated execution, what returns are achievable from trend following and much more.----------EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Find out more about DUNN Capital ManagementEpisode Timestamps:02:31 - Introduction to DUNN Capital Management 05:02 - Why Trend Following? 07:35 - What differentiates DUNN Capital Management? 12:06 - Hitting the right balance 14:34 - Reflecting on the performance in 2022 18:43 - The speed of systems 22:28 - Their research process 25:36 - Trading futures and determining trends 28:08 -...

Today, we are joined by President and CEO of Crabel Capital Management, Michael Pomada, for a talk on their approach to trend following as well as short-term strategies. We discuss the trading philosophy behind Crabel Capital Management and why they choose to primarily be long vol, what role the Sharpe Ratio plays in their trading strategy and how they use data in their research process to understand markets, how being de-siloed helped them to make 2022 their best year in terms of research and how they create the most optimal work environment and culture for their team. How they utilize machine learning in their work and why they spend tens of millions of dollars on execution infra-structure, why they believe replication is like drugs and medication and why ESGs are important for them as a firm, how they manage drawdown control and mitigate risk. Lastly, we discuss why Pomada has found peace with fees going down and why being innovative is key in maintaining a solid income, why they are not concern about competition in the industry and much more.----------EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Michael on LinkedIn.Find out more about Crabel Capital ManagementEpisode Timestamps:02:20 - Introduction to Crabel Capital Management03:41 - The philosophy behind their work08:46 - Their trading objectives11:21 - Too concerned about the sharpe?14:28 - Better alternatives to...

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#420: Harvard professor Arthur Brooks described two types of intelligence – and explained, in scientific terms, the wisdom that comes with age. Dr. Ellen Vora, M.D., shared insight into the roots of procrastination, offering evidence-based tips for how to overcome our own inner demons of anxiety, fear and laziness. Psychology professor Bill von Hippel described why too much happiness is just as detrimental to our long-term health and wellbeing as too little happiness. Wall St. Journal columnist Spencer Jakab observed the perfect storm of conditions that gave rise to meme stonks and other oddities of our era. Former financial planner Joe Saul-Sehy argued for “strategic under-diversification” and explained the Sharpe Ratio. Data scientist Nick Maggiulli explains the save-invest continuum. And financial planner Bill Bengen, the creator of the 4 percent retirement withdrawal rule, talks about what most people misunderstand about the safe withdrawal rate. These are just some of the highlights from the Afford Anything podcast in this 2022 year-in-review episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode420 Learn more about your ad choices. Visit podcastchoices.com/adchoices

"For us to be the only institution operating purely from an investment perspective, in a $2 trillion asset class that almost nobody else in that market operates in with a purely investment perspective…that gives us quite a bit of an ability to generate alpha for our investors,"- Allen Sukholitsky What asset classes do better than others when inflation is high? Typically, assets like oil and gold hold their own when the economy is in flux. But there are other opportunities for investors. Masterworks is a platform with a mission to fractionalize art, making it an accessible investment opportunity. Allen Sukholitsky is the Chief Investment Officer at Masterworks, the leading art investment platform for self-directed investors. Before Masterworks, Allen was a Senior Market Strategist at Goldman Sachs, focused on investment strategy, portfolio construction, and investment implementation. He has almost two decades of global economic and investment experience and has been a keynote speaker at investment conferences across the country. On this episode of The Wiggin Sessions, Allen joins me to discuss his view of the factors influencing the current inflation and the need for stable investments at a time like this. Allen shares how the ROI in art stands up to other investments and why art might be more attractive for investors than other tangible assets such as oil and gold based on its performance over a three-year period. Listen in to understand the attractiveness of art as a real asset and how you can purchase shares in great masterpieces from postwar and contemporary artists like Andy Warhol, Jackson Pollock, and more by becoming an exclusive member of Masterworks today. Key Takeaways Allen shares the two elements that have brought us to the level of inflation we are at today The bigger problem than inflation for the FEDS How trickle-down quantitative easing bleeds into the economy What would happen if the FEDS continued to raise rates even when inflation begins to resolve itself What asset classes do better than others when inflation is high Why art might be more attractive for investors than other tangible assets such as oil and gold The enormous opportunity that led Allen to into the art as an investment market Making art an accessible investment opportunity How Masterworks is fractionalizing art so investors can own shares of a multimillion-dollar work of art Allen shares the average return on an investment when it is sold through Masterworks How Masterworks sources the market data for the paintings they invest in Why Masterworks focuses their efforts on postwar and contemporary art worth between $500k-$30 million Why 4% is the average risk tolerance for an investor's allocation into art How to use the Sharpe Ratio to maximize returns and reduce volatility Allen shares Masterworks' three-year milestone garnered by outperforming 15 major asset classes Connect with Allen Sukholitsky Allen on LinkedIn Connect with Addison Wiggin Consilience Financial Be sure to follow The Wiggin Sessions on your socials. You can find me on— Facebook @thewigginsessions Instagram @thewigginsessions Twitter @WigginSessions Resources Masterworks Sharpe Ratio Your Piece of Art History Investing in Fine Art w/ Scott Lynn - EP 23 The Wiggin Sessions Share the Wiggin Sessions on Apple Podcasts

Wer sich mit ETFs, Fonds und Aktien beschäftigt, der stößt schnell auf Begriffe wie "Volatilität", "Kurs-Gewinn-Verhältnis" oder "Performance". Doch welche Kennzahlen helfen uns als InvestorInnen tatsächlich dabei, einen wirklich guten ETF oder Fonds zu finden? Und welche Parameter zeigen uns auf, ob eine Aktie gut ist oder nicht? Simin und Saskia zeigen: So schwer ist es gar nicht, die Entwicklung solcher Finanzprodukte zu verstehen. Sie erklären dir, was "Alpha", "Tracking Error", "Tracking Difference", "maximaler Verlust" und "Sharpe Ratio" bedeutet und auf welche Kennzahlen sie selbst achten, wenn sie sich einen Fonds oder einen ETF aussuchen. Viel Spaß beim Hören! Den von Simin erwähnten Artikel findest du hier: https://www.hermoney.de/ihr-wissen/investieren/investmentfonds/etfs-vs-aktive-fonds/ P.S.: Machst du schon bei unserer Spar-Challenge mit? In diesem Jahr wollen wir gemeinsam sparen. Simins und Saskias Ziel sind 1.500 Euro. Mach' mit und richte dir direkt einen Dauerauftrag auf dein Tagesgeldkonto ein. Falls du Simin und Saskia schreiben möchtest, dann schicke ihnen gerne eine Mail an podcast@hermoney.de Außerdem erreichst du sie über den herMoney-Instagram-Account, Facebook und LinkedIn. Tritt auch gerne der herMoney-Facebook-Gruppe bei und diskutiere hier mit vielen anderen Frauen die Themen, die dich umtreiben. Disclaimer: Aktien, Fonds und ETFs unterliegen Kursschwankungen; damit sind Kursverluste möglich. Bei Wertpapieren, die nicht in Euro notieren, sind zudem Währungsverluste möglich. Die frühere Wertentwicklung ist kein verlässlicher Indikator für die Zukunft. Die Auswahl der Wertpapiere und sonstigen Finanzinstrumente dient ausschließlich Informationszwecken und stellt keine Kaufempfehlung dar.

How can I tell how well my portfolio is performing?   Through this podcast, it's Richard Oring's goal to educate listeners about managing their money.  Today, he and Jag look at different ways to evaluate the performance of your portfolio.First, it's important to understand your strategy and overall objective - is it retirement, savings or something else?Next, we look at total return- and the elements that come together to give you a total return. Then, what time periods do we use to evaluate total return?  And what benchmarks can we use in this analysis?Rich then breaks down some market turns in a way for us to understand, including standard deviation, beta, alpha, R-squared, Sharpe Ratio and Sortino Ratio.More: https://www.investopedia.com/https://seekingalpha.com/To talk to Rich thee terms or anything related to your financial future, reach him at (609) 924-2049, extension 126,  go online to https://ncfg.com/, or send Rich an email.  ROring@ncfg.com.

We ask Terry Adamson of Infinite Equity what he thinks about paying out TSR awards when performance is negative, using TSR as a modifier, custom peer groups and more.Episode Notes:How much more usage of TSR awards can we expect (1:50)Custom peer groups (4:06)Paying out awards for negative TSR performance (8:44)Using TSR as a payout modifier for other metrics (11:35)The benefits our measuring outperformance (13:38)Barbara uses a football metaphor (19:37)Other market-based alternatives to TSR awards (20:34)Barbara and Terry plan a follow-up podcast on relative Sharpe-Ratio awards (24:20)Resources Mentioned in this EpisodeA Better Way to Calculate VolatilityConstructing the Pentagon of IncentivesHow to Size Relative TSR Grants with a Stub PeriodSupport the show (http://naspp.com/membership)

For this week's Individual Investor Show, Charles Rotblut and Jenna Brashear take a look at AAII's asset class heat map, which ranks the annual returns for each of the asset class groups used in the AAII Asset Allocation Models over the past 10 years. They discuss how this heat map demonstrates the benefits of diversification and how analyzing these results can help you become a more diversified individual investor. In the second part of the broadcast, we sit down with Matt Bajkowski to discuss his article, “Understanding Risk-Adjusted Returns via the Sharpe Ratio,” which focuses on the key relationship between risk and return and how vital it is to be compensated for taking on extra risk. Bajkowski delves specifically into how the Sharpe ratio can help you assess whether the risk of a security is justified by its return. Watch this episode and learn: How to effectively use the Sharpe ratio to become risk averse Why investors should expect compensation for a riskier investment How to read the AAII asset class heat map and apply it to your 2022 allocation strategy Asset Class Segment Asset Class Group Performance: Large Caps Lead in 2021 by Charles Rotblut, CFAAsset Allocation ModelsAAII PRISM Academy AAII Website: Learn & Plan Asset Allocation SurveyRisk-Adjusted Returns Segment Online Exclusive: Understanding Risk-Adjusted Returns via the Sharpe Ratio by Matthew BajkowskiMutual Funds IdeasCompare Mutual Funds ETF IdeasCompare ETFs Other Links AAII Journal: February 2022 IssueRegister for Upcoming AAII WebinarsWant more financial education? Learn more about AAII at https://www.aaii.com ABOUT AAII The American Association of Individual Investors is an independent, nonprofit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research. Individual Investor Show: Improve Your Allocation by Gauging Risk and Ranking Asset Returns | AAII

In der heutigen Episode sprechen wir mit Felix Fernandez, CEO bei 21e6 Capital. Philipp Sandner spricht mit Felix über das Thema professionelles Anlegen in Krypto-Assets, die Sharpe Ratio verschiedener Anlagevehikel und wie Krypto-Funds helfen können eine ganzheitliche Portfoliobetrachtung zu ermöglichen.

For equities and equity portfolios, the Sharpe ratio is a simple, effective tool for comparing strategies - the higher the Sharpe, the better the expected performance.  For options and options portfolios, however, the Sharpe ratio doesn't show a complete picture.  Join Tom and Tony as they use some examples of 16Δ strangles to understand why.

For equities and equity portfolios, the Sharpe ratio is a simple, effective tool for comparing strategies - the higher the Sharpe, the better the expected performance.  For options and options portfolios, however, the Sharpe ratio doesn't show a complete picture.  Join Tom and Tony as they use some examples of 16Δ strangles to understand why.

Our guest this week is Dr. Andrew Lo. Dr. Lo is the Charles E. & Susan T. Harris Professor, a professor of finance, and the director of the Laboratory for Financial Engineering at the MIT Sloan School of Management. His current research spans five areas, including evolutionary models of investor behavior and adaptive markets, systemic risk, and financial regulation, among others. Dr. Lo has published extensively in academic journals and authored a number of books including In Pursuit of the Perfect Portfolio, which he cowrote with Stephen Foerster. He has received numerous awards for his work and contributions to modern finance research throughout his career. He holds a bachelor's in economics from Yale University and an AM and Ph.D. in economics from Harvard University.BackgroundBioIn Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest, by Andrew W. Lo and Stephen R. FoersterAdaptive Markets: Financial Evolution at the Speed of Thought, by Andrew W. LoHistory“Thirty Maidens of Geneva,” the Tontine Coffee-House, thetch.blog.com, Aug. 5, 2019.“Why 18th Century Swiss Bankers Bet on the Lives of Young Girls,” by Stephen Foerster, sfoerster-5338.medium.com, Sept. 2, 2021.John Maynard KeynesBenjamin GrahamHarry MarkowitzHarry MarkowitzModern Portfolio TheoryWhat Is a Gunslinger? William F. SharpeWilliam F. SharpeWhat Is the Sharpe Ratio?Capital Asset Pricing Model (CAPM)“Keynes the Stock Market Investor: A Quantitative Analysis,” by David Chambers, Elroy Dimson, and Justin Foo, papers.ssrn.com, Sept. 26, 2013.Eugene F. FamaEugene FamaWhat Is the Efficient Market Hypothesis?“Algorithmic Models of Investor Behavior,” by Andrew Lo and Alexander Remorov, eqderivatives.com, 2021.“In Pursuit of the Perfect Portfolio: Eugene Fama,” Interview with Andrew Lo and Eugene Fama, youtube.com, Dec. 15, 2016.“Why Artificial Intelligence May Not Be as Useful or as Challenging as Artificial Stupidity,” by Andrew Lo, hdsr.mitpress.mit.edu, July 1, 2019.John C. Bogle John Bogle Cost Matters HypothesisCharles D. EllisCharley EllisGreenwich Associates“Charley Ellis: Why Active Investing Is Still a Loser's Game,” The Long View podcast, Morningstar.com, May 27, 2020.Other“7 Principles to Help You Create Your Perfect Portfolio,” by Robert Powell, marketwatch.com, Nov. 10, 2021.

Jay Pestrichelli is back to co-host with Derek where they simplify risk measures like Alpha and Sharpe. Then they discuss the market drop that started during the short post Thanksgiving day session. Later an inflation check in, corporate profit margins at multi-decade highs, the yield curve flattening, and oil prices.   Markets pullback from highs Market valuations Alpha explained Sharpe Ratio explained Comparing portfolio managers through risk adjusted returns Comparison benchmarks Market moves during short staffed holiday trading sessions SPR Strategic Petroleum Reserve release impact Oil inventories and demand The yield curve continues to flatten what does it suggest? Profit margins his multi-decade highs even during inflation     Mentioned in this Episode:   Contact Derek Moore derek.moore@zegafinancial.com   Derek Moore's Book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547?ref_=nav_signin&   JP Morgan Guide to the Markets https://am.jpmorgan.com/us/en/asset-management/protected/adv/insights/market-insights/guide-to-the-markets/   Jay Pestrichelli's Book Buy and Hedge https://amzn.to/3EqSTc6

'When you look into history, so-called derivative investment products that you think of as being recent, actually go back to 2400 BCE, in various forms. Call options go back to 600 BCE at least. In the 18th century BCE there were personal loans, as well as a liquid secondary market for these promissory notes. So what we think of as new inventions are actually very old.' - Steve FoersterIf we could gather all of the famous investing pioneers from world history into one room and ask them to build the perfect portfolio, what would it look like?  Well Steve Foerster and his co-author (and previous guest on the show) Andrew Lo, set out to do just that, with their new book called 'In Pursuit of the Perfect Portfolio'. I thought I'd invite Steve onto the show to discuss his new book, go through some of the 'golden threads' of investing that he came across, his journey in the world of finance, and of course, get his opinion on how close Trend Following is to 'the Perfect Portfolio'. Thank you for listening and please welcome to the show, our guest, Steve Foerster. In This Episode, You'll Learn: Steve's journey to becoming a Professor of Finance and how he ended up co-authoring a book with Professor Andrew Lo Some of the concepts from the legendary financial experts they interviewed for the book How closely linked the academic world of finance really is About some of the most important findings in investment research over the decades About the "untold" story of an early 20th-century mathematician, Louis Bachelier Harry Markowitz' story What Eugene Fama's Perfect Portfolio looks like About William Sharpe and his now famous 'Sharpe Ratio' ‘The missing link was that correlations are critical as well. In fact, as we know, the more securities that you put into a portfolio, it's those correlations or that co-variant component that really dominates.' - Steve FoersterHow the phrase 'beta' came about How computers enabled researchers to access deeper insights into the world of investing About the debate between active and passive investing Whether volatility should still be considered as a measure of risk About the progression of volatility data into today's investment models About the story of Eugene Fama How Steve views the question of 'what is the perfect portfolio?' Whether Steve considers Trend Following investing as, essentially, a perfect portfolio Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). IT's TRUE

What do you track? What do financial advisors track? What should you track?In this episode, Trishul and Aaron try to address the question, "How do I know if I'm doing well?" From an investments perspective, this has historically meant comparing the performance of an investment strategy to a benchmark. But for meeting life goals, tracking net worth, savings, and spending may be more impactful. And outside of finance, how does your behavior react to what you monitor and track?Episode ReferencesInvesting Forever - King of the HillInvesting Forever - One Lifetime of WealthHistorical Returns by Asset ClassInvesting Forever - Passive is the New Aggressive part 7Time-Weighted Return vs IRRDow Jones Industrial AverageMSCI All Country World IndexMSCI World IndexPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Dominique Mielle grew up in France and pursued her MBA at Stanford, where she developed a "platonic crush" on the brain of professor William Sharpe, developer of the Sharpe Ratio—leading her to a career in hedge fund investing. She recently left that career after 20 successful years, and now spends her time giving back and serving as a role model for women looking to break into the world of hedge funds. Her third act is filled serving on five company boards, mentoring other women, and playing a mean game of polo. Her new book, Damsel In Distressed, debuts on September 7th encouraging more young women to pursue a career in hedge fund investing.

Depending on how you're wired, you're going to gravitate easily to one end of the diversification-concentration spectrum. In a well constructed portfolio, it is possible for you to assemble the best components from each of these philosophies - today I'm going to discuss some of these ways.If you like to take more of a deep dive into diversification, check out this episode: [https://nzeverydayinvestor.simplecast.com/episodes/allocating-assets-growing-the-pie-rupert-carlyon]If you're interested more in concentration, check out the link in the notes for episode 115 with Cole Hauptfuhrer: https://nzeverydayinvestor.simplecast.com/episodes/the-intelligent-lazy-investor-cole-hauptfuhrerThe NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let's you become a shareholder in the world's biggest companies and funds. We're talking about Apple and Zoom, Vanguard and Blackrock.So, if you're listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you... they'll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more.Just go to https://hatch.as/NZEverydayInvestor to grab your top up.Like what you've heard?You can really help with the success of the NZ Everyday Investor by doing the following:1- Follow the NZ Everyday Investor on Clubhouse.2- Write a review on Facebook, or your favourite podcast player3- Help support the mission of our show on Patreon by contributing here4- To catch the live episodes, please ensure you have subscribed to us on Youtube:5- Sign up to our newsletter here6-Tell your friends!NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link

Today on the Retirement Lifestyle Show, Roshan Loungani, Erik Olson, and Adrian Nicholson analyze the good, the bad, and the ugly of a million-dollar portfolio. They talk about the impact of inflation, diversification versus healthy growth, and the benefits of planning. [05:29] The $1 Million Portfolio [09:40] Efficiency and Performance of the $1 Million Portfolio [14:10] Volatility in Accumulation Versus Distribution [17:20] Average Rate of Return Versus Compound Average Growth Rate [20:10] Comparing the Best and the Worst Time Periods for the Portfolio [26:50] The Impact of Inflation on Pension Plans [30:01] Sector Breakdown: The Good, Bad, and Ugly in your Portfolio [35:10] What is the Sharpe Ratio? [43:30] Risk Tolerance and Company Specific Risk [45:30] Momentum and Value Strategies [48:54] Quality Versus Value in the $1 Million Portfolio [50:50] Diversification Versus Healthy Growth [58:40] Why There is no Investing Without Planning Roshan can be reached at roshan.loungani@aretewealth.com or at 202-536-4468. Erik can be reached at erik.olson@aretewealth.com or 815-940-4652. Adrian can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905. Follow Us At: https://www.retirewithroshan.com https://youtu.be/hKVzI87v0tA https://twitter.com/RoshanLoungani https://www.linkedin.com/in/roshanloungani/ https://www.facebook.com/retirewithroshan/ https://www.linkedin.com/in/financialerik/ https://www.linkedin.com/in/adrian-nicholson-74b82b13b/ #retirementlifestylepodcast #fire #podcast #FI #Retire #retirewithroshan #BAM #BusinessAsMission #ImpactInvesting All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.

The Sharpe Ratio is commonly discussed when evaluting possible stock market invesetmnets. So you need to know what it is!

'The typical pie-chart of diversification ends up being all long-GDP assets, which means these are going to do well in a risk-on environment, when we’re awash with liquidity. The problem is, when we see a sell off or a liquidity event like March 2020, we see the correlations of an ‘uncorrelated’ pie chart go to 1, which means that they all sell off at the same time.' - Jason Buck What happens when an unexpected major event occurs and all of your supposedly diversified investments suddenly become correlated, before heading sharply to the downside?  Jason Buck and his partner at Mutiny Fund have been thinking about this question for a long-time, and have created a portfolio designed to protect against these ‘Black Swan’, high-volatility events.  You may have seen Jason Buck alongside another volatility-expert (and previous guest of Top Traders Unplugged) Chris Cole on Real Vision, or listened to his ‘Pirates of Finance’ podcast with co-host Corey Hoffstein (another previous guest of Top Traders Unplugged), but he’s also been a long-time listener of the show, so it was only right that I invited him on  to discuss some of the methods and thinking behind Mutiny Fund, and how these approaches can provide protection and profits during all market environments. Thanks for listening and please welcome to the show our guest Jason Buck. · Subscribe on: In This Episode, You'll Learn: How Jason got to where he is today If the initial risks Jason set out to protect his clients against, have changed Why CTAs could be considered ‘long-volatility’ assets that provide protection during broad market selloffs such as 2020 The benefits of ‘ensemble’ investing The opposite requirements of building wealth versus keeping wealth Why a sample size of 100 years is still just an anomaly Why the typical ‘diverse’ portfolio might be riskier than investors realise What a ‘long-volatility’ asset looks like The history of long-volatility assets The term ‘crisis alpha’ and what it means to him and his clients How to overcome the challenges of educating investors about volatility-event risks Whether the addition of long-volatility components to portfolios today has affected his initial approach 'The problem with Sharpe Ratio is that it was originally built as a portfolio tool to measure the portfolio level, but now we measure individual strategies or individual managers with Sharpe, and that was never the intention.’ - Jason Buck Why the Sharpe Ratio is often misunderstood as a risk measurement tool How much, and why, returns vary among different long-volatility managers How to approach position sizing with black swan events in mind Some of the common investor mistakes How to choose between different Trend Following managers How to create a strategy for inflationary and deflationary environments If less-liquid assets can be safely incorporated into a portfolio How to analyse backtests properly If Jason uses Gold and Bitcoin in his long-volatility strategies What keeps Jason up at night in terms of risks Connect with Mutiny Fund: Visit the Website: MutinyFund.com Follow Jason Buck on Twitter   ‘We had a lot of family and friends coming to us and saying, I've read a Nassim Taleb book or Chris Cole's white paper. How do I do this? And if you don't have tens of millions of dollars, there was never a solution.  So as entrepreneurs, we figured out there had to be a solution to this, and the piece that was missing was this long volatility, tail risk piece. And so we set out to create that opportunity for retail to get access to this asset class.' - Jason Buck Subscribe on:

'The typical pie-chart of diversification ends up being all long-GDP assets, which means these are going to do well in a risk-on environment, when we're awash with liquidity. The problem is, when we see a sell off or a liquidity event like March 2020, we see the correlations of an ‘uncorrelated' pie chart go to 1, which means that they all sell off at the same time.' - Jason BuckWhat happens when an unexpected major event occurs and all of your supposedly diversified investments suddenly become correlated, before heading sharply to the downside?  Jason Buck and his partner at Mutiny Fund have been thinking about this question for a long-time, and have created a portfolio designed to protect against these ‘Black Swan', high-volatility events.  You may have seen Jason Buck alongside another volatility-expert (and previous guest of Top Traders Unplugged) Chris Cole on Real Vision, or listened to his ‘Pirates of Finance' podcast with co-host Corey Hoffstein (another previous guest of Top Traders Unplugged), but he's also been a long-time listener of the show, so it was only right that I invited him on to discuss some of the methods and thinking behind Mutiny Fund, and how these approaches can provide protection and profits during all market environments. Thanks for listening and please welcome to the show our guest Jason Buck. In This Episode, You'll Learn: How Jason got to where he is today If the initial risks Jason set out to protect his clients against, have changed Why CTAs could be considered ‘long-volatility' assets that provide protection during broad market selloffs such as 2020 The benefits of ‘ensemble' investing The opposite requirements of building wealth versus keeping wealth Why a sample size of 100 years is still just an anomaly Why the typical ‘diverse' portfolio might be riskier than investors realise What a ‘long-volatility' asset looks like The history of long-volatility assets The term ‘crisis alpha' and what it means to him and his clients How to overcome the challenges of educating investors about volatility-event risks Whether the addition of long-volatility components to portfolios today has affected his initial approach 'The problem with Sharpe Ratio is that it was originally built as a portfolio tool to measure the portfolio level, but now we measure individual strategies or individual managers with Sharpe, and that was never the intention.' - Jason Buck Why the Sharpe Ratio is often misunderstood as a risk measurement tool How much, and why, returns vary among different long-volatility managers How to approach position sizing with black swan events in mind Some of the common investor mistakes How to choose between different Trend Following managers How to create a strategy for inflationary and deflationary environments If less-liquid assets can be safely incorporated into a portfolio How to analyse backtests properly If Jason uses Gold and Bitcoin in his long-volatility strategies What keeps Jason up at night in terms of risks Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Jason on http://twitter.com/@JasonMutiny (Twitter) IT's TRUE

The Sharpe ratio is generally a simple, effective tool for comparing strategies - the higher the Sharpe, the better the expected performance. However, this ratio tends to fail if the returns of a strategy are highly dynamic and not normally distributed.Join Tom and Tony as they use the short 16Δ SPY strangle P/L distribution to demonstrate why we can’t apply the Sharpe ratio to options.

The Sharpe ratio is generally a simple, effective tool for comparing strategies - the higher the Sharpe, the better the expected performance. However, this ratio tends to fail if the returns of a strategy are highly dynamic and not normally distributed.Join Tom and Tony as they use the short 16Δ SPY strangle P/L distribution to demonstrate why we can’t apply the Sharpe ratio to options.

It's not every day you get to interview a Nobel Laureate. I am honored that Dr. William F. Sharpe sat down to talk with me about the Sharpe Ratio, retirement planning, and why his focus has evolved from accumulation of wealth for retirement and how firms can better manage those assets, to helping individuals plan to use those assets to finance their retirement. We also discussed his free eBook, Retirement Income Planning with Scenario Matrices, at length. You can access the eBook & software he references with the link below Why the Sharpe Ratio continues to be important in planning today The evolution of Dr. Sharpe's career, and how his focus evolved How scenario matrices can help people understand what it means to have enough to retire Dr. Sharpe's perspective on annuities Why Dr. Sharpe is nervous about the U.S. economic outlook over the next five years Download Retirement Income Analysis with Scenario Matrices (eBook and Software)

The Sharpe ratio was developed by Nobel laureate William F. Sharpe and is used to help investors understand the return of an investment compared to its risk.1 2 The ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk. Volatility is a measure of the price fluctuations of an asset or portfolio.Subtracting the risk-free rate from the mean return allows an investor to better isolate the profits associated with risk-taking activities. The risk-free rate of return is the return on investment with zero risk, meaning it's the return investors could expect for taking no risk. The yield for a U.S. Treasury bond, for example, could be used as the risk-free rate.Generally, the greater the value of the Sharpe ratio, the more attractive the risk-adjusted return.The Sharpe ratio has become the most widely used method for calculating the risk-adjusted return. Modern Portfolio Theory states that adding assets to a diversified portfolio that has low correlations can decrease portfolio risk without sacrificing return.Adding diversification should increase the Sharpe ratio compared to similar portfolios with a lower level of diversification. For this to be true, investors must also accept the assumption that risk is equal to volatility, which is not unreasonable but may be too narrow to be applied to all investments.The Sharpe ratio can be used to evaluate a portfolio's past performance where actual returns are used in the formula. Alternatively, an investor could use expected portfolio performance and the expected risk-free rate to calculate an estimated Sharpe ratio.

We are going to search for the optimal portfolio, i.e. one that has the highest risk-adjusted return. To do so, we will maximize the portfolio’s Sharpe ratio. The Sharpe Ratio is a financial metric that helps investors determine the return of an investment compared to its risk. The higher the Sharpe Ratio of a portfolio, the better it is in terms of risk-adjusted return. http://tech.harbourfronts.com/modern-portfolio-theory-searching-for-the-optimal-portfolio-portfolio-management-in-python/

Having a multifamily business or any type of property that you're owning can be so challenging to manage, and it involves risks and it is possible to lose your entire investment if you're not doing the right thing. If that happened, it may not be easy to start again but knowing what went wrong and learning from it is something that can help you to recover from your investment losses. In this episode, Adam Adams shares his past experiences in the Real Estate Market and how he restarted in the business by using his Social Media Presence to build meaningful connections with Investors.What You'll Learn From This Episode:Adam's Background and How He Started in the Real Estate IndustryPossible Effect/s of Mismanagement and Over-Confidence of an Investor Lose a Property InvestmentImportance of Drafting a Contract for Eviction Purposes, Background Check for Tenants, and Hiring a Property Management Team for a Multifamily InvestmentUnderstanding the Types of Assets that You Should be Focusing on Before Starting in the Real Estate BusinessWhat is Sharpe Ratio and how it helps investors?Why apartments are the best asset and Multifamily is trusted by most banks and investors?What is Social Media Presence and How it Contributes to Creating Meaningful Relationships with Investors Easiest Ways to have Social Media Presence and Attract InvestorsHow to Build and Boost Your Confidence in Social MediaImportance of Being Yourself, Delivering Value to Listeners or Audiences, and Avoiding Negativities in Social MediaGuest Bio:Adam A. Adams, also known in the real estate community as Triple A, has devoted himself to educating and inspiring aspiring investors through real estate conferences, radio & podcast interviews, his program, and his thriving Meetup group. Adam has been podcasting since 2017 and currently hosts the Apartment Investing Show. With hundreds of thousands of downloads Adam's podcasts are listened to around the world. His efforts to educate and inspire other investors has earned him the prestigious title "Master Investor” by Think Realty magazine and he is also a three-time Hall of Fame winner from RE Mentor for his successes in multifamily syndications. Meetup.com recognized him as one of the top MeetUp organizers in the world (2018).In 2005, Adam took the plunge into part-time real estate investing, but it quickly became his full-time passion! Adam has partnered in many multifamily syndications both as a general partner and as a limited partner. His company, BlueSpruce Holdings, focuses on finding and managing apartment communities to allow passive investors diversification, cash flow, tax benefits, and freedom of time. Adam’s primary role in the company is to increase their brand and attract capital, successfully raising millions of dollars from private investors. He strives to grow his company’s brand as one of the top syndication teams in the United States. Website: https://adamadams.net/Podcasting Services: https://mypodcast.website/To Connect With Us:Website: www.bonavestcapital.comPlease click here, to leave a rating and review!

“Creative” isn’t a word that’s normally associated with being a real estate investor. Today’s guest, on the other hand, totally embraces it as one of the top qualities of the most successful investors out there. Making creative deals is all about making the switch from saying, “I can’t” to asking, “How can I?” Creative entrepreneurship is also all about fostering reciprocal relationships. According to our guest, the heart of creativity is “being able to create win-wins with other people to solve problems.”Adam Adams is a multifamily investor and real estate coach, the founder and Lead Strategist at BlueSpruce Holdings, and the host of the Creative Real Estate Podcast. As passionate as he is about the profession today, Adam considers himself as one of the only people “who got into real estate reluctantly.”This is thanks to an incredibly business-savvy father, who always insisted that Adam continuously develop his money-consciousness. One day in 2005, a college-aged Adam experienced an unexpected financial windfall when a piece of land his father had gifted him shot up in value almost overnight. The rest is history. Listen in and soak up Adam’s best tips and strategies for building your multifamily empire!--WHAT TO LISTEN FORWhy Adam considers real estate investing a “creative” ventureHow to develop your kids’ financial intelligenceWhat is the Sharpe ratio and how does it prove that multifamily is the best asset class?Adam’s top multifamily marketing strategies--RESOURCES FROM THIS EPISODEWebsite: BlueSpruce HoldingsPodcast: The Creative Real Estate Podcast--CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join the Investing For Good Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H).--Thanks for listening, and until next time, keep investing for good!

In this episode, Trishul teaches Aaron what it means when the VIX is over 30, and things get a little wonky explaining all the technical math behind stock market volatility. They appropriately compare options to insurance and gambling. And they discuss the Black-Scholes pricing model and how market forces determine implied volatility. In the end, they discuss how understanding the VIX can be a useful tool, but trying to rely on it for investment predictions can be just as dangerous as any other future prediction methodology.Episode ReferencesVIX - DefinitionAnnualized Standard Deviation of Monthly ReturnsThe 68–95–99.7 RuleBlack-Scholes - DefinitionInvesting Forever - Risk Management 101Investing Forever - Introduction to VolatilityInvesting Forever - The Normal DistributionVXX: Investing (Short) in VolatilityVolatility Blow-up Leads to Inverse VIX ETN CasualtyPodcast Description Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

In this episode, we talk with Bastian Bolesta, CEO of Deep Field Capital, a systematic long volatility manager based in Switzerland.    We start off by talking about the difference between systematic and discretionary trading styles and why systematic may make more sense if you live in what Bastian calls Chaotistan instead of Normalstan.    We then dive into the difference between Momentum and Trend styles of investing and the types of markets that each thrive in, how using a Sharpe ratio to measure risk can actually increase the risk of a portfolio.   We also talk about the benefits of trading markets intraday instead of holding positions over night and when it makes sense. Finally, we talk about the relationships between US, Europe and Asian markets and how investors can take advantage of it.   I hope you enjoy this conversation as much as I did.

Tommy discusses the Sharpe Ratio.

This week, we discuss the current state of the Bond market, how the larger, commercial institutions affect overall CTA Trend Following performance, how to deal with the fluctuations in currencies when performing backtests, and we also give our thoughts on various Trading exit strategies. Questions answered this week include: does the majority of CTAs get out of their equity positions when the S&P500 falls below its 200-day moving average?  Should you avoid trading markets that perform badly in backtests?  Can a system that is working too perfectly be a bad sign? What are the implications for trading every market in the same way?  What is the benchmark Sharpe Ratio for Trend Following strategies?  Is there a limit to portfolio diversification? Register your interest for our upcoming live event in New York here. You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com Get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry & Moritz on Twitter: @TopTradersLive, @RJparkerjr09 and @MoritzSeibert And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:45 - Macro recap from Niels 3:25 - Weekly review of returns 12:20 - Top tweets 34:40 - Question 1, Sam: What is the benchmark TF Sharpe ratio? 43:00 - Question 2, Sam: Can there be too much diversification? 53:15 - Question 3, Walter: Please discuss how you deal with foreign currency denominated futures. 58:10 - Question 4, Walter: Since most stocks don’t beat the index or T-bills, shouldn’t shorting be easy (versus the conventional wisdom shorting is hard)? 1:03:00 - Questions 5 & 6, Jeff: What are the risks of using larger (vs smaller) ATR multiples for exits? What kind of exits does DUNN use? 1:08:40 - Performance recap 1:09:40 - Live event update 10/26/19-10/27/19 Subscribe on:

I get a lot of questions about ideas to help build the best Trading Model, and I understand why many aspiring managers feel that this is critical to their future success.  There is though, a lot of truth in the saying: “Most people overvalue ideas and underestimate execution".  What I mean by that is, when you want to start and build a business such as a Hedge Fund or CTA, I’m not so sure that the real challenge lies within the design of your investment approach.  Nowadays, I think that raising the initial funds from Seed or Early investors have actually become the biggest obstacle for new managers. This is something I have a long experience with, and this is why I wanted to focus on it, in today’s post.  So I thought that Kim Bang, who spent many years at a big firm like Bloomberg before starting his own CTA firm, is the perfect person to talk about this.  So enjoy these unique takeaways from my conversation with Kim, and if you would like to listen to the full conversation, just go to Top Traders Unplugged Episode 77 & Episode 78. Growing from Family Clients to Institutional Investors Niels:  Sure. Let's jump to the next topic that I wanted to ask, and I know and realize that you're a small organization. But still, I do want to ask because clearly you have a huge amount of experience in building organizations and running them and so on and so forth. You fully understand what is required in the trading world, so how have you structured your so-called "organization" as it is today with the AUM you have right now? How do you do that and still make it attractive for investors, maybe even institutional investors, to take you seriously? Kim:  Right, so it's not easy, I would say, and I think the reality is, is that if you're going to try to make a go of this business, you need to have some money yourself that you can put up. So, I think that you need a few million dollars that you can put into the business yourself. Maybe you can go to a family member or two, and ask for 1 million or 2, and maybe you have a friend or a business associate from your prior life, and maybe they'll put up a couple of million bucks. So, if you can get out of the gate somewhere around 5, and even better around 10, but I think that's the minimum level where you have to start. I think that you probably can't expect to get any more money from any outside investors for probably the first 18 months. I would think 18 to 24 months is probably the first time, which is around where we are right now. We are getting more inquiries now than ever, and it's from, I would call them, early adopters - but institutional clients. These are probably institutional clients that I would classify as very knowledgeable about this particular industry. So they're very comfortable. They understand the underlying investment strategies, they're very comfortable with the type of trading activity that goes on in these markets, and they understand the risk associated with it and the volatility. "We've been fortunate. Our timing for the launch was pretty good. As I mentioned to you, we're annualizing a little over 19% so far, and our Sharpe Ratio is running around 2, which is very high for historical standards in this space." So, they really understand. They actually like to make investments around this time frame. I think the reason, as you mentioned in your opening commentary, is that we've done some research, and it's very easy to do when you look at the BTOP50 firms -there's about 20 of them in there. It's very clear to see, all of them had their best performance in the first say 3 to 5 years in business, and their average performance was around 20%, which is pretty outstanding. And, by the way, these firms, they launched at all different times, right? It's not like they all launched 30 years ago. Some were 30 years ago, some 20, some 10 years ago, right? So they were fairly well dispersed. But in common, they all had their best returns in their first years of ...

For years you’ve been told that to get better risk adjusted returns you should diversify with some percentage in stocks and some in bonds. Yet when you look at the inflation adjusted annualized returns, is the idea of a 60/40 portfolio to manage downside risk more of a myth? In this interesting conversation Derek Moore and Jay Pestrichelli discuss why bonds may not offer much of a real return given where rates are. Plus, they delve into whether a 60/40 portfolio offers better risk adjusted returns using classic measures like a Sharpe Ratio. Also, is gold still a modern hedge in portfolios? Stay tuned for Part II coming soon.   • Exploring historical real returns on a classic 60/40 stock and bond portfolio. • How real returns after inflation are determined and whether historical bond returns offer much growth • Has gold been an effective hedge of downside moves and inflation given its periods of negative real returns? • Historical risk adjusted returns measured by Sharpe Ratios  • If a portfolio of stocks and bonds is so good, why does it have theoretically subpar Sharpe Ratios? • What are TIPS (Treasury Inflation Protected Securities) and how do they hedge inflation? • Real versus Nominal returns for stocks and bonds • Why investors need to not only keep up with inflation but exceed it to grow purchasing power • How using options to define downside risk may be a more optimal hedge  • Introduction to the concept of Buying and Hedging a market with a defined downside floor.   Mentioned  in  this  Episode:   Contact Derek Moore www.razorwealth.com    The Hedgers Opportunity by Jay Pestrichelli https://www.investmentnews.com/article/20190401/BLOG09/190409991/the-hedgers-opportunity   Historical Gold Prices https://fred.stlouisfed.org/series/GOLDAMGBD228NLBM#0   How do Treasury Inflation Protected Securities TIPS work? https://www.thebalance.com/how-do-tips-work-417128

This week Phil and Danielle discuss why the financial industry doesn't want you to have the ability to do what they do. They don’t want to give you the  “secret formula” so they make finance seem complicated. You don't know Sharpe Ratio. You don't know Capital Asset Pricing Models. You don't know how to adjust for the Beta. Here’s the bottom line though, all of these things that are taught in the business schools, are BS. We also talk about our upcoming interview with Jacob Taylor and announce our next “InvestED Book Club” read. We also discuss the MSCI ACWI Index. This is an index that you can buy that follows the stock markets in the entire world. Like buying the S&P 500 for the world. Learn why Buffett says, “When America gets a cold, the rest of the world gets pneumonia.” For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode one we described an investment arena that is likely to provide the best long-term opportunities. On this second day, we lay out the case for giving as much (or more) credence to portfolio diversification opportunities as is given to a strategy’s investment edge. We believe investors should always seek the highest compensation for the risks they are willing to incur. In other words, their objective should be, as much as possible, to get the most bang (return) for their buck (risk). It can be useful to think of this risk-adjust return (or Sharpe Ratio) as a function of (1) an investor’s skill in generating consistent returns and (2) the amount of true diversification available in the investment universe at their disposal. We believe this second point is the most widely-overlooked aspect of portfolio construction, and we seek to remedy this today. Reference: https://investresolve.com/blog/the-case-for-tactical-alpha-part-1-the-fundamental-law-of-active-management/ https://investresolve.com/blog/the-case-for-tactical-alpha-part-2-the-fundamental-flaw-of-grinolds-fundamental-law/ https://investresolve.com/blog/the-case-for-tactical-alpha-part-3-the-greatest-trick-wall-street-ever-pulled/

In this episode Derek Moore discusses the concept of Risk-Adjusted Returns, Standard Deviation of Returns, Sortino Ratio, Risk Free Interest Rates. Plus, how to compare two investment returns against one another on a risk adjusted basis and why many investors might be using the wrong investor benchmarks against their portfolios. Key  Takeaways: • What are risk adjusted investment returns? • What is the standard deviation of investment returns? • What is the Risk-Free Interest or Discount Rate? • Why do people use Treasury Bills or Treasury Bonds as the Risk-Free Rate? • What is the Sharpe Ratio? • How is the Sharpe Ratio calculated? • How is the Sharpe Ratio different than the Sortino Ratio? • How larger than expected upside investment returns can actually raise the standard deviation of portfolios • The pitfalls of using past historical returns to try and evaluate expected returns • Why do many investors always use the S&P 500 Index as the benchmark? • What would be a more appropriate way to choose investment benchmark indexes for comparison?   Mentioned  in  this  Episode:     Broken Pie Chart Book by Derek Moore https://amzn.to/2MibTSk   Sortino Ratio https://www.investopedia.com/terms/s/sortinoratio.asp   Sharpe Ratio https://www.investopedia.com/terms/s/sharperatio.asp

The following factors make me bullish on commodities: 1) Multi-year congestion 2) Low volatility 3) A rolling Sharpe Ratio near historic lows and most importantly... 4) New price breakouts.   https://medium.com/@mmelissinos/opportunity-in-commodities-d0281fca3ece

Tom Russo is the Managing Member of Gardner Russo & Gardner, where he manages $11 billion in a long only, global value strategy. Tom buys the stock of global consumer businesses with great brands and holds them for a really long time. He looks for businesses with a capacity to reinvest free cash flow and a capacity to suffer through short-term pain in order to achieve long-term gain. Tom started his investment career at the Sequoia Fund in New York, where he worked from 1984 to 1988. His first partnership, Semper Vic Partners, has compounded at 14.6% per year for 33 years, besting the S&P 500 by 3.6% per annum. Tom is a graduate of Dartmouth College (B.A., 1977), and Stanford Business and Law Schools (JD/MBA, 1984). He has served on Dean's Advisory Council for Stanford Law School, Dartmouth College's President's Leadership Council, and the Advisory Board for the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School, as well as on the boards of the Winston Churchill Foundation of the U.S., Facing History and Ourselves, and Storm King Art Center. Our conversation covers how Tom created an investment strategy by personalizing early lessons from Warren Buffett, the capacity to re-invest, the capacity to suffer, and what it takes to own a stock for decades.  Tom’s time horizon and fortitude as an investor parallels those of institutions with permanent capital. Listeners will get a fresh perspective on what it means to be a long-term investor For more episodes go to CapitalAllocatorsPodcast.com/Podcast Write a review on iTunes Follow Ted on twitter at @tseides Join Ted’s mailing list at CapitalAllocatorsPodcast.com   Show Notes 3:20 – How the spark got lit for Tom to become a value investor             3:54 – The Sharpe Ratio  6:26 – Family and personal background 8:03 – Move to consumer brands 12:06 – Key tenants to investing in consumer brands             12:26 – Family controlled             14:04 - Capacity to reinvest             15:17 - Capacity to suffer 19:10 – Portfolio turnover and the investment in Heineken 22:46 – Position sizing when portfolio turnover is so low 25:08 – Opportunity costs and behavioral finance 28:58 – Benefits of insider insights 31:02 – The capacity of Tom's investors to suffer 34:00 – What is happening today with the investor base and their capacity to suffer 36:07 – The structure of Tom's strategy vs. a more a diversified portfolio 37:28 – Sitting on investment committees 38:02 – Comparing Tom's decision-making process to Warren Buffett's 40:29 – Case study of Wells Fargo 44:21 – Does reputational damage impact the ability to reinvest 47:04 – Tom's research process and the importance of listening 49:46 – How Tom keeps track of nuggets in everyday conversations 51:00 – Closing questions

Learn why 5 star rated mutual funds are not all they are cracked up to be, the dirty little secret Wall Street doesn’t want you to know, and what mutual funds will actually perform best.   According to a study done by Vanguard, in a three year period, the lowest rated funds actually generated the greatest excess returns, while the highest rated funds generated the least! 5-star funds performed the worst over the next 3 years and 1, 2, or 3 star rated funds performed the best!   Vanguard’s study also demonstrated that, “an investor had less than a 50–50 shot of picking a fund that would outperform regardless of its rating at the time of the selection.”   In 1966, the economist William Sharpe (the well-resected researcher that the Sharpe Ratio is named after) stated, “all other things being equal, the smaller a fund’s expense ratio, the better results obtained by its stock holders.”  

My guest today is Nigol Koulajian, the Founder and Chief Investment Officer of Quest Partners LLC. He has been designing and trading short-term and long-term technical systems for over 22 years. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Trend following performance in 2014 Volatility vs. skew Why having a good Sharpe Ratio is not the be-all-end-all The notion that alpha in the CTA world is not a result of skill Correlation between tail risk and the Sharpe Ratio Central bank action and the Swiss Franc Why trend following may not be as good in equity market corrections now as it has been in the past Why trend following is not about the super-complicated mathematics Getting outsiders to understand drawdowns Emotional intelligence vs. intellectual intelligence Media bias against trend following Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel speaks with Nigol Koulajian on today’s podcast. Koulajian is the Founder and Chief Investment Officer of Quest Partners LLC. He has been designing and trading short-term and long-term technical systems for over 22 years. Covel starts the episode with some comments on Ray Dalio's recent comments drawing a parallel to 1937. Then Koulajian and Covel talk all things trend following in the CTA space. Covel and Koulajian discuss trend following performance in 2014; volatility vs. skew; why having a good Sharpe Ratio is not the be-all-end-all; the notion that alpha in the CTA world is not a result of skill; correlation between tail risk and the Sharpe Ratio; central bank action and the Swiss Franc; why trend following may not be as good in equity market corrections now as it has been in the past; why trend following is not about the super-complicated mathematics; getting outsiders to understand drawdowns; emotional intelligence vs. intellectual intelligence; media bias against trend following. For more information on Nigol Koulajian, visit questpartnersllc.com. Want a free trend following DVD? Go to trendfollowing.com/win.

Advisors Option 27: Groundbreaking New Options Study   The Buzz: The Chicago Board Options Exchange announced today the release and publication of a groundbreaking new study: "Highlights of Performance Analysis of Options-Based Equity Mutual Funds, CEFs, and ETFs." The study analyzed SEC-regulated investment companies (mutual funds, exchange traded funds (ETFs) and closed-end funds (CEFs)) that focus on use of exchange-listed options for portfolio management (options-based funds). The study analyzed the equal-weighted performance of a subset (nearly three-fourths) of the 119 options-based funds -- those that focus on use of U.S. stock index options and/or equity options -- during the 15-year period from 2000 through 2014. Key Takeaways: The number of options-based funds is growing. Options-based funds averaged 4.2% total return over the 15-year period - tied with the S&P500 over the same period. The options-based funds had higher risk-adjusted returns (as measured by the Sharpe Ratio and Sortino Ratio) than the S&P 500 and S&P GSCI Indexes. The options-based funds had lower volatility and lower maximum drawdowns than the S&P 500 and S&P GSCI Indexes.   Listener Mail: Listener questions and comments Question from Alpha Numero - Happy 2015. It seems like we are looking somewhat top-heavy in the broad indices these days. I typically run portfolios as long equity - usually spy - with an OTM 1-2 month covered call - typically around 2.5%-3% out of the money. I often pair that with a farther 2-3 month OTM put - typically 5% OTM. In the current market would you recommend tightening up on that put - perhaps to around 2% OTM? This will undoubtedly result in a debit but I am ok with that if if preserves my portfolios. Would you also recommend tightening the covered call strike to reduce the net outlay on the position? What other strategies would you recommend for practitioners like myself who want to remain in the market but are concerned about near-term risk? Question from RVC10 - Are there any special tax considerations I should consider before using options on behalf of my clients? Question from John D. - Can you please explain the concept of risk premium as it applies to options trading and hedging? Question from JPK211 - On several of your programs you mention that it is important to understand the VIX Cash level at a given SPX level.  Can you please explain this further?   Tricks of the Trade: Short-duration contracts are all-the-rage in the options market these days. SPX Weeklys acounted for approximately 32% of overall SPX contract volume in 2014, up from approximately 23% the previous year.   

The Buzz: The Chicago Board Options Exchange announced today the release and publication of a groundbreaking new study: "Highlights of Performance Analysis of Options-Based Equity Mutual Funds, CEFs, and ETFs." The study analyzed SEC-regulated investment companies (mutual funds, exchange traded funds (ETFs) and closed-end funds (CEFs)) that focus on use of exchange-listed options for portfolio management (options-based funds). The study analyzed the equal-weighted performance of a subset (nearly three-fourths) of the 119 options-based funds -- those that focus on use of U.S. stock index options and/or equity options -- during the 15-year period from 2000 through 2014. Key Takeaways: The number of options-based funds is growing. Options-based funds averaged 4.2% total return over the 15-year period - tied with the S&P500 over the same period. The options-based funds had higher risk-adjusted returns (as measured by the Sharpe Ratio and Sortino Ratio) than the S&P 500 and S&P GSCI Indexes. The options-based funds had lower volatility and lower maximum drawdowns than the S&P 500 and S&P GSCI Indexes. Listener Mail: Listener questions and comments Question from Alpha Numero. Happy 2015. It seems like we are looking somewhat top-heavy in the broad indices these days. I typically run portfolios as long equity - usually spy - with an OTM 1-2 month covered call - typically around 2.5%-3% out of the money. I often pair that with a farther 2-3 month OTM put - typically 5% OTM. In the current market would you recommend tightening up on that put - perhaps to around 2% OTM? This will undoubtedly result in a debit but I am ok with that if if preserves my portfolios. Would you also recommend tightening the covered call strike to reduce the net outlay on the position? What other strategies would you recommend for practitioners like myself who want to remain in the market but are concerned about near-term risk? Question from RVC10. Are there any special tax considerations I should consider before using options on behalf of my clients? Question from John D. Can you please explain the concept of risk premium as it applies to options trading and hedging? Question from JPK211. On several of your programs you mention that it is important to understand the VIX Cash level at a given SPX level. Can you please explain this further? Tricks of the Trade: Short-duration contracts are all-the-rage in the options market these days. SPX Weeklys acounted for approximately 32% of overall SPX contract volume in 2014, up from approximately 23% the previous year.

My guest today is Eric Wong. Wong established TCG on behalf of his family in 2003 as an asset management and financial advisory firm focused on investments with superior risk adjusted returns that are uncorrelated to major asset classes and advising family office and corporate clients. TCG's Celera division was formed in 2012 to consolidate and spin out the markets, technology, and business infrastructure of TCG. The topic is entrepreneur. In this episode of Trend Following Radio we discuss: How the rest of the world has a long way to go to understanding how China operates The niche that Wong's family office, TCG, occupies in the trading space Uncorrelated returns The advantages of working for a family office The entrepreneurial history of Wong's family Trend following data, data points, and the importance of data over a long period of time The Sharpe Ratio, and why the rest of the investing world has a problem with rejecting it The importance of pain as a measure Why Chinese investors are more driven by returns, and often agnostic to particular investment strategies Investor optimism "Nimbleness" to new ideas in Chinese culture Entrepreneurism in Asia and America Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel speaks with Eric Wong on today's podcast. Wong is with a family office based out of Hong Kong--his own family's office. His family is a group of entrepreneurs going back many decades, and Wong discusses their history and how he got to where he is today. Covel and Wong also discuss how the rest of the world has a long way to go to understanding how China operates; the niche that Wong's family office, TCG, occupies in the trading space; uncorrelated returns; the advantages of working for a family office; the entrepreneurial history of Wong's family; trend following data, data points, and the importance of data over a long period of time; the Sharpe Ratio, and why the rest of the investing world has a problem with rejecting it; the importance of pain as a measure; why Chinese investors are more driven by returns, and often agnostic to particular investment strategies; investor optimism; "nimbleness" to new ideas in Chinese culture; and entrepreneurism in Asia and America. Want a free trend following DVD: trendfollowing.com/win.

Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business to explain the claim that right now is not the best time to invest in the stock market.

Ed Butowsky joins Fox News Bulls & Bears to discuss the facts around drilling for oil is it more on private lands or public lands.

Goodbye record low home mortgage interest rates. Conventional thinking says that this is bad for the economy and the housing market as a whole, but there are other economists that argue this is a good thing for the economy. Ed Butowsky explains.

Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business' Varney & Co. to discuss why the Buffett Tax would not help alleviate the United States Deficit of $1.19 Trillion.

Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business' Varney & Co. to discuss the Buffett Tax bust and how market may be reacting.

Ed Butowsky joins Fox Business' Varney & Co. to examine how big tech stocks are doing in the stock market and is it time to sell or buy.

Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss if Jeremy Lin's "Lintastic" new found fame could lend itself to become "Lintastic" corporate financial potential.

Ed Butowsky joins Fox news to discuss what we should look forward to in 2012 not just the stock market but the American economy.

In this part 1 of 2 episodes Ed Butowsky joins the company on Fox Business' Varney & Co to discuss various topics ranging from economic debt crisis to falling price of gold.

In this part 2 of 2 episodes Ed Butowsky joins the company on Fox Business' Varney & Co to discuss various topics ranging from digital music market share to legalized online gambling.

With online sales exploding this holiday season investors are wondering what is in store for 2012. Ed Butowsky explains what to expect...

With credit harder to come by from traditional sources peer-to-peer lending is becoming far more common, but is it a good idea? Ed Butowsky explains...

While markets yearn for clarity and certainty that does not appear to be how the US markets are conducting business, but what does that forecast for the markets in early 2012? Ed Butowsky explains...

As U.S. investors watch what unfolds with the European banks and the rest of the economy, the question that many are asking is why isn't gold taking off? Ed Butowsky explains why its not a good idea.

Ed Butowsky joins Fox Business' The Willis Report to discuss where investors should be investing and why the bond market is not a good place for your money when interest rates start to rise.

Ed Butowsky, wealth manager and financial advisor, joins the company on Fox Business' Varney & Co to discuss various topics ranging from treasury bonds to Apple iPhones.

Ed Butowsky, wealth manager and financial advisor, joins Freedom Watch on Fox News to discuss whether investors should be happy that the super committee failed.

Fox News released a news alert earlier today that Italy's Prime Minister, Berlusconi, is expected to step down any moment. Ed Butowsky explains the impact.

Ed Butowsky, Managing Partner of Chapwood Management, joins Fox News to discuss the Bank Transfer Day and what consumers are protesting about these big banks.

The Consumer Price Index, the key measure of inflation, jumped 3.9% in September from the year before.

Compute the Sharpe ratio to evaluate portfolio performance.

Compute the Sharpe ratio to evaluate portfolio performance.

When it comes to managing your money, if you think all you need is a financial advisor and then place it all in their hands, think again. Financial advisors often do things behind the scenes that cost you big bucks, but it doesn't have to be that way.