Full coverage of ETF investments from an expert in the field The initial edition of Gary
Gastineau's The Exchange-Traded Fund Manual was one of the first books to describe and …

The Sharpe ratio is a very useful measure of investment performance. Because it is based
on mean-variance theory, and thus is basically valid only for quadratic preferences or …

This book discusses scenarios for risk management and developing global investment
strategies. What are the chances that various future events will occur over time and how …

Discover the ins and outs of designing predictive trading models Drawing on the expertise of
WorldQuant's global network, this new edition of Finding Alphas: A Quantitative Approach to …

We discuss the records of some great investors and hedge fund managers. Their graphs of
wealth over time leads us to a search for smooth monotone paths and how we might fairly …

Abstract In this article, Donoho, Crenian, and Scanlan report the results of their study into the
cost of institutional investor impatience. Using Monte Carlo simulation techniques, the …

Pension plans in Switzerland favor active management over indexing to implement their
strategic asset allocation. Empirical surveys show, however, that their success has been …

Manager selection is a critical step in implementing any investment program. Investors hire
portfolio managers to act as their agents, and portfolio managers are then expected to …

—Warren Buffett, 1994 Berkshire Hathaway Annual Report Many famous investors are out-
spoken about their investment philosophies, and carefully apply them to a select number of …

The Kelly capital growth criterion, which maximizes the expected log of final wealth, provides
the strategy that maximizes long run wealth growth asymptotically for repeated investments …