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Inequities in equities?
By Rolf on 12 February 2015
I have written about certain idiosyncrasies of Swiss capital market regulations before. Most Swiss corporations started as family firms and, for a long time, outside shareholders were considered a mere nuisance and treated accordingly. Some remnants of that attitude remain. While there is now a reasonably modern set of rules governing listed firms, there are […]
Posted in Comments/ramblings | Tagged Beliefs, Switzerland
By Rolf on 15 January 2015
I admit that I did not finish Piketty’s Capital in the 21st Century. If you did and liked it, you may want to stop here. I did get a bit further than the typical reader who, according to reports based on annotations on the Kindle version, made it to about page 26. I found it […]
Posted in Comments/ramblings | Tagged Empirical research, Philosophy, Statistics
How to ensure poor performance
By Rolf on 10 November 2015
This “case study” is taken from a piece that I wrote for a client who found it too negative. It describes the way that many “active” equity portfolios are managed. It may seem like a caricature to some, unfortunately it is not. Thus, it is not surprising that so many fail to perform. Consider a […]
Posted in Active/passive management, Comments/ramblings | Tagged Alpha, Performance