by Jason Apollo Voss | 01 08 2017 | Blog
C. Thomas Howard and I authored a series of posts entitled The Active Equity Renaissance earlier this year. We did so because we believe that it is hard but not impossible to “beat the market.” We outline many of the directions the investment management...
by Jason Apollo Voss | 24 07 2017 | Blog, Where Markets Fail
Markets are less perfect than commonly assumed. I have discussed their inability to price unknowns; the blindness of the assumptions that underlie market activity; that the implicit presumption that market fungibility bears consequences; and that markets are not...
by Jason Apollo Voss | 28 06 2017 | Best of the Blog, Blog
Meditation provides investors with many benefits. Below are meditation tips from the newly released Meditation Guide for Investment Professionals, the full version of which is available online for CFA Institute members. Visualization meditation, or creative...
by Jason Apollo Voss | 30 05 2017 | Blog, Where Markets Fail
How else do markets fail? Markets are usually not systemic. Instead, from the bird’s-eye perspective of “Capitalism,” many businesses are “opportunities” in the same way that it feels good to hit yourself in the head with a hammer: It’s...
by Jason Apollo Voss | 23 05 2017 | Active Equity Renaissance, Best of the Blog, Blog
Throughout The Active Equity Renaissance series, we have pointed out the obvious need to overturn modern portfolio theory (MPT) and replace it with something better. How have we done this? By describing the broken 1970s model of portfolio management, enumerating what...
