From Aristotle to active investment management

From Aristotle to active investment management

Over 2,500 years ago, in what may have been one of the earliest examples of behavioral finance theory, ancient Greek philosopher Aristotle is reported to have said the following regarding the achievement of success: “First, have a definite, clear practical ideal; a...

Quantified Funds 9/21/20

U.S. equity markets posted losses in all three indexes last week. The Dow Jones Industrial Average lost 0.03%, the NASDAQ Composite lost 0.56%, and the S&P 500 lost 0.64%. Four of the 11 sectors were up last week; Energy, which posted the largest gain, was up...

Gold and politics

Last week, we noted that gold’s price consolidation had completed a “pennant” formation. The formation extended into an even tighter consolidation last week, as gold closed at $1,962.10 per ounce (see the following chart). Since this pattern usually precedes a...