Timing Luck with Tactical Asset Allocation

Tactical asset allocation (TAA) is most often based on the investor trading once-per-month and that once occurs on the last trading day of each month. There may be an inherent problem in the selection of the same day each month on which to rebalance the portfolio and...

Process Versus Outcomes in Investing

Outcomes. When you are a long-only investor and the markets behave like they did in 2017 it is easy to focus on outcomes and tend to allow your mind to diminish the importance of process. When your equity chart increases every month for twelve months straight you have...

Short Term Performance Results Will Vary

I have become less active here lately as I was invited to join a project that has nothing to with investing but is very interesting from a personal point of view. Another reason for my lack of frequent posts can be understood from an excellent post by Larry Swedroe at...

Superforecasting

If you are a regular reader of my posts then there is a good chance that you are aware of Superforecasting by Philip Tetlock and Dan Gardner. I am currently reading Superforecasting and not going to post a review as many others have already done so on Amazon. Should...

The Challenges of Successful Trading

Successful trading isn’t easy nor is it supposed to be but the difficult part of trading may not be what most new traders originally anticipate it would be. Sticking to an investment strategy is likely the most difficult part of trading. Why? All investment strategies...