We assert that market timing profoundly influences the entire architecture of investment strategies. It is structurally at odds with time horizon control—a topic we have recently examined. Yet, every investment must engage in trading to optimize various...
For any investment portfolios, the investment time horizon is not merely a detail in the broader context of asset allocation—it is a critical factor that fundamentally shapes every aspect of portfolio construction, risk management, and value delivery to...
What Is Cryptocurrency? Will Crypto Recover? Here’s What You Should Know. I have recently had an opportunity to chat with a person about cryptocurrencies. Just to make sure, we do not provide advice on cryptocurrencies. It is not within our practice....
We share our perspectives and present five long term historical charts including return on invested capital using Russell 3000, which is made of 3000 large US companies, as determined by market capitalization. This portfolio of securities represents approximately 98%...
Investment style started to get attention in the mid-90s, and it was used to classify managers’ bias by the groups of type of strategic focus. The typical styles include “value vs. growth”, “domestic vs. international”, and...
When dealing with a company valuation with excess cash, what steps to take first? First, you need to make a split. Apple valuation is a very good sample and it can be done in a simple manner. I split Apple into Cash Apple and Operating Apple as follows. Assuming...
