Elm Funds
Menu
  • Home
  • About Elm
    • The Elm Story
    • How We Invest
    • Fees
    • Press
  • FAQ
  • Blog
  • Investor Reports
  • Invest With Us

Other

November 19, 2019

Negative Interest Rates and the Perpetuity Paradox

There is wide-ranging disagreement on the long-term impact of negative interest rates, but the real question is: are these rates a fleeting phenomenon, or are they the new normal?

September 25, 2019

Home Biased: A Case for More Indexing

“Home Bias” refers to the trend of investing more heavily in one’s own domestic market than necessary. The question is: if everyone is doing it, does all of that bias cancel itself out?

August 20, 2019

Do US Industry-Sector Weights Explain the Higher Valuation of US vs non-US Equities?

US equities have consistently outperformed non-US equities over the past decade – so, what exactly does this mean for investors?

Aswath Damodaran May 6, 2019

A Conversation with NYU Professor Aswath Damodaran

Victor sat down with NYU Professor Aswath Damodaran to discuss some of the biggest topics in finance today: from indexing, to factor investing, to why investors ignore momentum.

March 12, 2018

Sensible Investing in a Nutshell: Robin Powell, The Evidence-Based Investor, interviews Victor

In this video: Robin Powell, the Evidence-Based Investor, in his “journey to uncover the truth behind investing” interviews Victor.

January 17, 2018

New Year, New CEO, New Home

The New Year brings good news: not only does Elm have a new headquarters in the City of Brotherly Love, but we’re proud to announce James White as our new CEO!

December 20, 2017

A Brainteaser Double-Feature for the Holidays

Here are two little puzzles that we discussed at an Elm dinner last week in London – our guests were sufficiently tickled, so we thought we’d write them up to share with you.

December 11, 2017

Discussions on Risk Parity and the Sharpe Ratio

In our ongoing writing on the topic of investment sizing and portfolio choice, we recently published two articles that discuss the use of Sharpe Ratio in building portfolios.

November 20, 2017

HHHHHHHHHHHH: Is there a message in there?

The 12-month winning streak of the stock market through the end of October reminded me of a Friday afternoon on the Salomon trading floor…

November 9, 2017

The Chemistry of 10% More

In a world with two classes of assets – cash and equities – how can investors in aggregate increase their allocation to equities (given that, for every buyer, there has to be a seller) and so cash can’t come into or leave the market?

September 26, 2017

Elm coin-flipping Research discussed in Economist Buttonwood article

From The Economist: “Who wants mediocrity?”

January 24, 2017

A Sharper Lens for Sizing Up Nickels and Steamrollers

In today’s world, it’s natural that many investors are looking for ways to earn a good return with limited equities exposure. Are the more common strategies working, or is there a better solution?

December 9, 2016

How much of a good thing is best for you?

You can invest in only two assets: a risk-free asset and public equities. Your choices are: A) 100% risk-free, or B) 10% risk-free and 90% equities. What sort of returns would make you choose B?

September 5, 2016

What I learned from my daughter (about investing)

My daughter Jessica, a cognitive science major at university, caught me with a fun brain-teaser courtesy of Professor Phil Tetlock, author of “Expert Political Judgment: How Good Is It?”

July 27, 2016

What’s up with REITs?

There are several plausible explanations for REITs’ recent strength – one intriguing explanation that you may have heard about involves an upcoming change in how REITs are classified in indexes.

January 5, 2016

Why Wyoming?

We’re often asked why Elm Partners’ US office is in Jackson Hole, Wyoming. Below is a short video shot by my son using his quadcopter a few days ago, all within a few miles of JHHQ – the answer will be obvious after taking a look.

June 24, 2015

Vanguard’s sweeping index changes (adding China A-shares & small caps)

Vanguard announced that it will be changing its approach to both capitalization stocks and the weights of Chinese equities. How will this affect the rest of the industry?

  • Keep Updated

    Click the button below to add
    your name to our mailing list:

    ×

    Subscribe to our Blog


  • Elm’s Coin Flipping Experiment

    Learn about investment sizing decisions by taking our coin flipping challenge:

    Play Now
  • Categories

    • Elm News
    • Elm's Favorite Research
    • How Elm Invests
    • Labs
    • Meet Victor
    • Other
    • Passive vs Active Debate
    • Risk and Return of Stock Market
    • Taxes Matter
  • Connect with Elm

  • Research Papers

    • Tax Efficiency and Dynamic Asset Allocation: Can We Have Our Cake and Eat It Too?
    • A Case Study for Using Value and Momentum at the Asset Class Level – Haghani & Dewey – Journal of Portfolio Management (2016)
    • Return Chasing and Trend Following: Superficial Similarities Mask Fundamental Differences – Haghani, McBride (2016)
    • Back in the Hunt – Asness, Ilmanen and Maloney (2015)
    • Investing for the Rest of Us – Victor Haghani & Richard Dewey (2011)
    • Value and Momentum Everywhere – Asness, Moskowitz, and Pedersen (2009)
    • Global Tactical Cross-Asset Allocation – Blitz and van Vliet (2008)
    • Momentum and Mean-Reversion in Strategic Asset Allocation – Koijen, Rodriguez and Sbuelz (2007)
    • Time Series Momentum – Moskowitz, Ooi, and Pedersen (2010)
    • How Tax Efficient are Equity Styles? by Israel and Moskowitz (2011)
  • Books

    • Expected Returns: An Investor’s Guide to Harvesting Market Rewards by Antti Ilmanen (2011)
    • Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor by James Picerno (2010)
  • Misc

    • Should All Real Estate Investors be Value Investors? An exploration of momentum investing in real estate markets – Akash Shivashankara (2013)
© 2021 Elm Partners Management LLC
  • Contact Us
  • Work For Us
  • FAQ
  • Institutional Investors
  • Cookie Policy