Great suggestion for what to buy Dad for Father’s Day!
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Moving Averages: Holy Grail or Fairy Tale, Part 1
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Some new blogs added to the blogroll, including today’s addition: Investment Linebacker
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I haven’t seen a mean variance optimization with human capital. Yet.
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Speaking of mean variance, this author argues terminal wealth is more useful. Link to the paper here: “A Geometric Mean Maximization: An Overlooked Portfolio Approach?”
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Birds hate me. This bird is apparently dive bombing every passerby in San Fran’s financial district. Video here from CNN.
Photo from Reuters:
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And, one more Tuesday diversion, “Her Morning Elegance” :
Now THAT, my friend, is a good looking man.
Meucci in his book on Risk and Asset Allocation talks about how MVO is improved by targeting wealth rather than returns.
Thanks Mebane. We're honored to make the Blogroll (though actually it appears we have not yet actually been added to the list). Keep up the good work and we love the book.
In the moving average piece, is he using an EMA or SMA? He doesn't seem to specify other than saying he prefers the EMA because of the reduced lag.
Is the Holy Grail Part II article available yet? I enjoyed his article Part I. Thanks!
Is the Holy Grail Part II article available yet? I enjoyed his article Part I. Thanks!