Sagacious


Should It Be Called “Behavioural” Finance?
Despite all the resources that have gone into studying the field of finance, there is still not one concise theory[...]
What We Can Learn from Poker About Investment Management
Investing and poker have a lot in common. Both involve a balance of known and unknown information, and both involve[...]
In Memory of Bill Fouse, Index Fund Pioneer
It is a common misconception that Jack Bogle and Vanguard Group created the first index mutual fund. While Bogle and[...]
Are There Ever Good Behavioural Biases?
Behavioural biases and the effect of human psychology on rational decision making is a topic often discussed in investment management.[...]
Guarding Against Recency Bias
In last week’s issue, we touched upon “recency bias” and how this cognitive phenomenon can provoke irrational trading behaviour in[...]
Do Zero-Cost Trades Actually Benefit Investors?
- SPECIAL EDITION -Last week in Sagacious, we commented on the recent move by Charles Schwab and TD Ameritrade to[...]
The Downsides to Zero-Cost Commission
This week, financial services firm Charles Schwab announced that they would be eliminating trading commissions for stocks, ETFs, and options[...]
How to Overcome Home Country Bias in Investing
Home country bias is when an investor has more of their portfolio allocated to financial securities domiciled in the country[...]
Why You Should Expect Some Underperformance
Investment managers that employ trend-following strategies have had a challenging few years. Though not as significant as the underperformance realized[...]
Indexed Products Aren’t All Passive
This week Morningstar Inc. released a report which estimated that as of August, in the United States, assets invested in[...]
Bursting The Passive Investing Bubble
This week Bloomberg put out an article focusing on Michael Burry’s criticisms of passive investing and how, in his opinion,[...]
Cutting Through the Noise of Financial Media
Given the recent bout of volatility in equity prices, there has been an abundance of financial pundits forecasting the next[...]
The Surprising Impact of Personality On Investment Management
Despite the fact that quantitative investment strategies are increasing in popularity, there is still a large amount of capital that[...]
The Future of Investment Management
It is no secret that the traditional asset management industry is in the midst of disruption. Advances in technology and[...]
The Role of Psychology in Investment
The argument could be made that prediction is at the heart of every investment decision. At a very high-level, you[...]
Will Value Stocks Rebound?
Last week in Sagacious we featured an opinion piece on the challenges involved in sticking with an investment strategy that[...]
What to Do in Periods of Underperformance
Underperformance for investment managers is a tricky topic of discussion. When managers acknowledge a period of underperformance, it can be[...]
Are Backtested Results Effective?
One of the key factors influencing the success of raising capital for a new investment strategy is what is known[...]
The Role of ESG In Investment
Even though it is still too early to determine whether a framework for making investments based on environmental, social, and[...]
What Finance Can Learn from Computer Scientists
The realization that economics is not a hard science because it is unable to describe the real-world economy, is not[...]
The Case for a Universal Fiduciary Standard in Finance
A topic of discussion that often comes up in the investment management industry is whether or not there should be[...]
The Challenges of Modern Investment Management
Victor Haghani from Elm Partners (previously founding partner of Long Term Capital Management) sat down with NYU Stern School of[...]
The Science Behind Good Forecasting
The art of forecasting is notoriously fickle. It is often underappreciated how much luck or chance is responsible for a[...]
Proof-Read Your Investment Judgments
On the surface, this blog post by Nick Maggiulli appears to focus on the value of proof-reading and double-checking your[...]

Sagacious


Should It Be Called “Behavioural” Finance?
Despite all the resources that have gone into studying the field of finance, there is still not one concise theory[...]
What We Can Learn from Poker About Investment Management
Investing and poker have a lot in common. Both involve a balance of known and unknown information, and both involve[...]
In Memory of Bill Fouse, Index Fund Pioneer
It is a common misconception that Jack Bogle and Vanguard Group created the first index mutual fund. While Bogle and[...]
Are There Ever Good Behavioural Biases?
Behavioural biases and the effect of human psychology on rational decision making is a topic often discussed in investment management.[...]
Guarding Against Recency Bias
In last week’s issue, we touched upon “recency bias” and how this cognitive phenomenon can provoke irrational trading behaviour in[...]
Do Zero-Cost Trades Actually Benefit Investors?
- SPECIAL EDITION -Last week in Sagacious, we commented on the recent move by Charles Schwab and TD Ameritrade to[...]
The Downsides to Zero-Cost Commission
This week, financial services firm Charles Schwab announced that they would be eliminating trading commissions for stocks, ETFs, and options[...]
How to Overcome Home Country Bias in Investing
Home country bias is when an investor has more of their portfolio allocated to financial securities domiciled in the country[...]
Why You Should Expect Some Underperformance
Investment managers that employ trend-following strategies have had a challenging few years. Though not as significant as the underperformance realized[...]
Indexed Products Aren’t All Passive
This week Morningstar Inc. released a report which estimated that as of August, in the United States, assets invested in[...]
Bursting The Passive Investing Bubble
This week Bloomberg put out an article focusing on Michael Burry’s criticisms of passive investing and how, in his opinion,[...]
Cutting Through the Noise of Financial Media
Given the recent bout of volatility in equity prices, there has been an abundance of financial pundits forecasting the next[...]
The Surprising Impact of Personality On Investment Management
Despite the fact that quantitative investment strategies are increasing in popularity, there is still a large amount of capital that[...]
The Future of Investment Management
It is no secret that the traditional asset management industry is in the midst of disruption. Advances in technology and[...]
The Role of Psychology in Investment
The argument could be made that prediction is at the heart of every investment decision. At a very high-level, you[...]
Will Value Stocks Rebound?
Last week in Sagacious we featured an opinion piece on the challenges involved in sticking with an investment strategy that[...]
What to Do in Periods of Underperformance
Underperformance for investment managers is a tricky topic of discussion. When managers acknowledge a period of underperformance, it can be[...]
Are Backtested Results Effective?
One of the key factors influencing the success of raising capital for a new investment strategy is what is known[...]
The Role of ESG In Investment
Even though it is still too early to determine whether a framework for making investments based on environmental, social, and[...]
What Finance Can Learn from Computer Scientists
The realization that economics is not a hard science because it is unable to describe the real-world economy, is not[...]
The Case for a Universal Fiduciary Standard in Finance
A topic of discussion that often comes up in the investment management industry is whether or not there should be[...]
The Challenges of Modern Investment Management
Victor Haghani from Elm Partners (previously founding partner of Long Term Capital Management) sat down with NYU Stern School of[...]
The Science Behind Good Forecasting
The art of forecasting is notoriously fickle. It is often underappreciated how much luck or chance is responsible for a[...]
Proof-Read Your Investment Judgments
On the surface, this blog post by Nick Maggiulli appears to focus on the value of proof-reading and double-checking your[...]