From the Research Chair – Episode 001

Posted by Jason Apollo Voss on Jun 25, 2020 in Blog, From the Research Chair | 0 comments Our new podcast…From the Research Chair, Episode 001. Featuring me and Michael Falk. In it we discuss our view of the future of #investmentmanagement. Best of all it was lots of fun. Watch this space for all future episodes. Share widely...
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Fact File: S&P 500 Level Volatility…is the Market Efficient?

Posted by Jason Apollo Voss on Jun 23, 2020 in Blog | 0 comments Forgive me for referring to the S&P 500 as analogous to “the market” in my headline. This is one of my pet peeves, because the Market is a much broader thing than one broad-based stock index. It is really every investable asset, in my opinion. However, I recognize that many people, when thinking about the S&P 500, take it as a proxy for “the market.” Blah, blah, let me get on with it....
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Top 10 Things That Hurt Active Management, 1 to 5

Posted by Jason Apollo Voss on Jun 16, 2020 in Blog | 0 comments Last week I described the top 6-10 things that hurt active management, along with 3 honorable mentions. This week I hit the really juicy things in numbers 1 to 5. In brackets are those who I think bear responsibility for the item. But a slight side step, first. I received a good suggestion from pal, Gordon Ross, CFA which is to invite each of you to provide your own ranking of the Top 10. Feel...
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From the Research Chair: A new podcast featuring me and Michael Falk, CFA, CRC

Posted by Jason Apollo Voss on Jun 11, 2020 in Blog, From the Research Chair, News & Events | 0 comments Michael Falk, CFA, CRC and Jason A. Voss, CFA host From the Research Chair, a twice monthly show designed to help your teams improve their investment philosophy, process, and execution. In Episode 1 we will discuss the crucial elements of sound investing based on our years spent as successful practitioners, as well as our embedding with dozens of investment teams in our consulting work. Come to...
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Top 10 Things That Hurt Active Management, 6 to 10

Posted by Jason Apollo Voss on Jun 9, 2020 in Blog | 0 comments Many active managers wrote to me directly after last week’s article (my 2nd most popular ever), and I made many new friends along the way. Given that I am the CEO of Active Investment Management (AIM) Consulting, LLC, let’s keep with our active management theme. Over the next two weeks I will be counting down to #1 my Top 10 Things That Hurt Active Management. As you will see, many of these...
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Why Active Management is Not Zero Sum

Posted by Jason Apollo Voss on Jun 2, 2020 in Best of the Blog, Blog | 0 comments Another day, another controversial subject within investment management I am taking on. In this post I discuss and hope to dismantle an oft-repeated missive about active management. Namely, that active management is zero sum. For brevity’s sake, I propose the acronym of AMIZS (pronounced, “amazes”) as a stand in for “active management is zero sum.”   AMIZS is Logical…Right? Here are...
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The Most Misunderstood Investing Concepts: Portfolio Management

Posted by Jason Apollo Voss on May 26, 2020 in Blog, Most Misunderstood Investing Concepts, The Most Misunderstood Investing Concepts | 0 comments In this edition of The Most Misunderstood Investing Concepts I discuss portfolio management, which, in my opinion is overwrought. In case you have missed other pieces in this series here are links to each of them: Fair value and its evil twin, target price; Time horizon and its subterranean influence on investors’ thinking; PEG ratios and the ignorance of the math underlying them; When valuing a...
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