November 19, 2019
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 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
US equities have consistently outperformed non-US equities over the past decade – so, what exactly does this mean for investors?
May 6, 2019
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
In this video: Robin Powell, the Evidence-Based Investor, in his “journey to uncover the truth behind investing” interviews Victor.
January 17, 2018
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
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
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
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
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
From The Economist: “Who wants mediocrity?”
January 24, 2017
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
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
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
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
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.
