Podcast appearances and mentions of William F Sharpe

In this EDU episode Jim and Chris review and discuss an article sent in by a listener after their critique of the safe withdrawal rate approach to retirement. Some of the points made in the article should sound familiar to listeners… Nobel laureates William F. Sharpe and Robert C. Merton argue that traditional retirement withdrawal […] The post A Smart Approach to Retirement: EDU #2507 appeared first on The Retirement and IRA Show.

Today's podcast is titled, “Another 40 or 50 Years.” From 1997, winners of the 1990 Nobel Prize in Economic Sciences,  Dr. William F. Sharpe, Chairman, Financial Engines, Inc., and Dr. Harry Markowitz, President, Harry Markowitz Company, contemplate the next 40 or 50 years in modern portfolio management. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.

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. 

Barry Gordon, Head of Canadian Retail Asset Management, at Guardian Capital LP, and Dr. Moshe A. Milevsky, Ph.D., Professor at Schulich School of Business at York University join us to discuss how they went about solving what Nobel Laureate, William F. Sharpe, has described at the "nastiest, hardest problem in finance."Guardian Capital made quite a splash recently, announcing their partnership with Dr. Moshe Milevsky to develop a suite of retirement decumulation solutions, that are now available as securities for investment advisors to utilize, to address the quintessential "Retirement Dilemma," which combine compelling income and growth strategies of targeted-yield and return asset decumulation, in what is definitively described as a 'Modern Tontine.'We are in the midst of what appears to be an historical regime change, following 40 years of declining government bond yields, into new regime that won't be as friendly to investors as the last, with historically very low, though rising rates and inflationary volatility. Investors are facing what may be a very trying period for retirees, or those in pre-retirement, from a sequence of returns risk and market volatility perspective.Highlights:What was the genesis of GuardPath Longevity Solutions – when did you first realize this project needed to be brought to life?How does the GuardPath Suite address these problems?What is a Tontine? What is the origin of the Tontine?The science of mortality credits or survivorship credits (monetizing mortality)Why should the insurance industry have a monopoly on mortality credits?How does the decumulation strategy work? What can investors expect from the Managed Decumulation strategy?Can the two main components of the Guardpath suite be used separately, or are they only intended to be implemented together?how do you operationalize the complete modern tontine strategy?What can the estates of investors/retirees expect from GuardPath in the event of death?What happens if you live past the 20 year term?Thank you for watching and listening.For more on GuardPath™ Longevity Solutions, visit guardpath.ca

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.

The investment thesis for China can sometimes be difficult for Financial Advisors to parcel through. Jason Hsu is the Founder and CIO of Rayliant and an expert on issues surrounding investmenting in China. Follow Jason On Social Media LinkedIn: https://www.linkedin.com/in/jasonchsu/ Twitter: https://twitter.com/hsu_jason Follow Raylaint LinkedIn: https://www.linkedin.com/company/rayliantglobaladvisors/ Twitter: https://twitter.com/rayliant About Jason: Jason is founder, chairman and CIO of Rayliant Global Advisors (RGA), a global investment management group with more than US$25 billion in assets managed using its strategies, as of Dec 31, 2020. Rayliant applies quantitative methods to access behavioral-based alpha prevalent in inefficient markets like China. Jason also co-founded Research Affiliates, a smart beta and asset allocation leader with over US$145 billion in assets managed using its strategies. Jason sits on the editorial board of the Financial Analysts Journal, the Journal of Investment Management, the Journal of Investment Consulting and the Journal of Index Investing. He is an adjunct professor of finance at UCLA Anderson School of Management, and a visiting professor at Tsinghua University (China), Kyoto University (Japan) and National Chengchi University (Taiwan). Jason has published more than 40 journal articles and is a contributing author to nine handbooks in finance and economics. He has won two Graham and Dodd Scroll Awards; one Graham and Dodd Reader's Choice Award; one Graham and Dodd most prestigious award, three Bernstein Fabozzi/Jacob Levy Awards; and three William F. Sharpe Awards. He also co-invented the Fundamental Index, awarded best index by Global Pensions magazine in 2007, 2008 and 2009. Jason received his Ph.D. in finance from UCLA Anderson School of Management. He received his M.S. from Stanford University and B.S. from the California Institute of Technology. Follow Resilient Advisor™ On Social: -- Twitter: https://twitter.com/sjaycoulter - Facebook: https://www.facebook.com/resilientadvisor -- LinkedIn: https://www.linkedin.com/in/sjaycoulter -- Instagram: https://www.instagram.com/sjaycoulter Learn more about Resilient Advisor™: https://www.resilientadvisor.com © Resilient Advisor. All Rights Reserved

Part of my job as the Retirement Answer Man is to help you face the current issues that impact your retirement planning decisions. Part of that is the non-glamorous task of assessing the traditional approaches to retirement planning to see if they still work. So on this episode, I’m going to take a fairly deep dive into the institutional approach to asset allocation that has been the basis for retirement planning for many years - and I think once you understand the premise behind it, you’ll see that it’s a bit antiquated for modern retirement planning purposes. But never fear, I’m also going to point you in the right direction regarding how you can make up for the deficit! An institutional approach for retirement asset allocation doesn’t work because YOU are not an institution. I say that with my tongue planted firmly in my cheek, but I also really mean it. Institutions do a very good job of allocating their assets for THEIR particular goals, but YOUR goals for retirement are vastly different than theirs, don’t you think? So following their pattern may be helpful (and it is, in some ways) but it’s not enough. You need to know the potential pitfalls of following an institutional lead and how to avoid them. That’s why I’m here. :) This episode of The Retirement Answer Man will point you in the right direction and then next week, we’ll follow up with some more practical tips to get your retirement planning mindset up to date! A Nobel Laureate says we have a problem with decumulation when it comes to retirement. What? I think he made up the word but, Nobel Laureate William F. Sharpe of Stanford University has determined that things in our modern society have changed so much that we need to reassess how we approach retirement planning. A big part of the problem (he says) is that we have a phenomenon happening called “decumulation.” It’s what happens when we hit retirement with resources that are inadequate to match our expected lifespan. As you can see, you’ll eventually run out of assets in that scenario. What’s he doing about it? He’s begun a study, naturally. On this episode of The Retirement Answer Man, I’m going to walk you through his premise and tell you how I approach the same problem, so be sure to listen. Institutions are not emotional. You are. How does that impact your retirement planning? As I’ve said before, we’ve long followed an institutional approach to asset allocation when it comes to retirement planning simply because the rationale was that the managers of financial institutions manage assets for a living, so they must know what they are doing. Generally speaking, that’s true - but the real issue is that institutions have different investment goals than individuals do, and they approach those goals non-emotionally - which individuals do NOT do. That alone makes a huge difference in how you are going to make decisions and could set you up for some serious disappointments. On this episode, I address those difference and give you some tips for how to offset them. What IS your desired outcome for retirement… hmmmmmm? As Zig Ziglar famously quipped, “If you aim at nothing, you’ll hit it every time.” It’s so obvious you probably laugh when you hear it said so bluntly. I do too. And I think part of why I laugh is because I see how applicable it is to retirement planning. If you don’t know what you really WANT for your retirement, how will you be able to plan in a way that enables you to accomplish it? You probably won’t even get close - which would be tragic. So, on this episode’s, “Smart Sprint” segment I have a challenge for you. Are you up for it? Listen to find out. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN [0:40] Personal accountability, potato chips on the couch, and other vices we want to change. HOT TOPIC SEGMENT [3:16] News that “decumulation” is a problem that smart minds are trying to address. [4:44] Longevity’s role in decumulation - and don’t forget about inflation and the timing of retirement income and spending patterns. [6:25] My take on how to handle this decumulation issue. PRACTICAL PLANNING SEGMENT [7:05] Is asset allocation alone enough to deal with decumulation? [8:43] The differences between your private situation and how institutions handle investments. [12:24] Does the institutional approach to asset allocation fit today? [16:25] Looking at historic averages for rolling returns. [19:25] When the magical power of dollar cost averaging starts to work in reverse. Uggg. TODAY’S SMART SPRINT SEGMENT [24:46] Start asking yourself, “What is my desired outcome for retirement?” THE HAPPY LAB SEGMENT [25:45] My experience doing a “breakout” session at the mall. It was a blast! RESOURCES MENTIONED IN THIS EPISODE Contact Roger: http://www.rogerwhitney.com/retirementanswers/ Roger’s retirement learning center: www.RogerWhitney.com/learn The Retirement Answer Man Facebook page: www.Facebook.com/RetirementAnswerMan The Retirement Income Scenario Matrix Project - through Stanford University

Bloomberg View columnist Barry Ritholtz interviews William F. Sharpe, the STANCO 25 professor of finance, emeritus, at Stanford University’s Graduate School of Business. Sharpe is a past president of the American Finance Association and received the Nobel Prize in Economic Sciences in 1990. This interview aired on Bloomberg Radio.

本期由Yixue主持，Alfred同学分享了现代投资组合理论的产生与发展，主要介绍了Harry Markowtiz先生在投资组合选择方面所作的贡献，即大家所熟知的有效前沿。随后又介绍了William Sharpe先生在资产配置理论以及CAPM领域的贡献。 CORE TOPICS: 现代投资组合理论、均值方差分析、CML、CAL、两基金分离定律、系统性风险、CAPM SHOW NOTE: Harry Markowitz 可证伪性 无差异曲线 最优化 Modern portfolio theory Fortan CAPM What is Dr. Harry Markowitz Doing Today? Merton Miller William F. Sharpe Portfolio Selection Portfolio Selection: Efficient Diversification of Investments An Hour with Harry Markowitz, Father of Modern Portfolio Theory Risk Measures in Quantitative Finance Mutual fund separation theorem 更多内容请访问:www.quant.fm

William Sharpe received the Nobel Prize in Economic Sciences in 1990 for his contributions to the theory of price formation for financial assets, the so-called Capital Asset Pricing Model (CAPM). (October 7, 2009)