MarketAxess (MKTX)
Electronic trading has been rapidly growing for the past 15+ years. The discount brokers like Schwab, ScottTrade, TD Ameritrade and others led the charge to bring convenience and lower costs…
Historical Returns by Asset Class (1985-2020)
One of the truths I teach students is that the asset class that does the best this year is very likely to underperform next year. So, do not chase performance.…
Human Insight, Computer Power: What is Quantamental Investing?
The world is awash in data like never before. From a person’s morning Uber ride and a favorite coffee spot to the emails sent from their office—all these activities create…
I’ve Seen the Tightening & the Damage Done
We all witnessed the sharp selloff in stocks in February 2018 and the slow recovery that took place in the following 7 months. October came around and knocked the wind…
What Keeps a Billionaire Investor Up at Night?
If I were a billionaire, probably nothing at all... Every time we open up a web page, newspaper, magazine or flip on our favorite TV channel, we are told about all…
Beware Conventional Wisdom & Running w/ the Bulls (or the Bears)
When you construct a building, jet airplane, automobile, etc. consensus is key to ensuring the item under development will perform as demanded and expected. It's a good thing when engineers agree…
Always Trade with the Underlying Trend
Trend Following, Trend Trading, Momentum Trading, these are names that describe the same trading concept that gets its inspiration from Newton’s first law of motion. An object in motion will…
Why Is Investing So Difficult?
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