March 12, 2018
In this five-minute video Robin Powell, aka the Evidence-Based Investor, in his “journey to uncover the truth behind investing” interviews Victor. They discuss the meaning of the Puzzle of the […]
January 17, 2018
The New Year brings two exciting developments at Elm. The first is that James White, who has been working with Elm for the past year, is taking on the role […]
December 20, 2017
Here are two little puzzles that we discussed at an Elm dinner last week in London, at our favorite local Chinese restaurant. Our guests were sufficiently tickled that we thought […]
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 with the […]
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 in early January 1987. The markets […]
November 9, 2017
A few nights ago at the dinner table, I was ritually lamenting my unsuccessful efforts to lose a few pounds. My son Mark, now a high school senior, posed a […]
September 26, 2017
[The Economist] WHO wants mediocrity? That is what a lot of people say when the subject of index-tracking, or passive fund management, comes up. They would rather choose a fund […]
January 24, 2017
I just wrote a paper with my friend James White which applies and extends the ideas of the paper Andy Morton and I published in December on Optimal Investment Sizing. […]
December 9, 2016
We spend most of our time trying to identify good investments and assemble them into an attractive portfolio. The question of how much to invest in that portfolio usually doesn’t get […]
September 5, 2016
My daughter Jessica, a cognitive science major at university, caught me with a fun brain-teaser. It came up in a psychology class she was taking with Professor Phil Tetlock, author […]
July 27, 2016
REITs have returned 17% in 2016, outperforming the S&P500 by 9%. There are several plausible explanations for REITs’ recent strength, such as this year’s 0.75% drop in long-term interest rates. […]
January 5, 2016
We’re often asked about Elm Partners’ US office in Jackson Hole, Wyoming. Below is a short video shot by my son Josh using his quadcopter a few days ago, all […]
