My Lessons Learned from the GFC MarketFox, Risk and RegulationWith the Global Financial Crisis now a decade behind us, MarketFox columnist Daniel Grioli shares some of the most important lessons he learned from this cataclysmic event. Read More
What Trait Psychology Tells Us about Factor Investing – Part II Behavioural Finance, MarketFoxDo factors have explanatory power in investment returns or are they merely descriptive? This is an important difference because the first characteristic would give them predictive powers, while the second would merely reflect past performance. In this second part on trait psychology, MarketFox columnist Daniel Grioli looks for clues in criticism of this branch of psychology. Read More
What Trait Psychology Tells Us about Factor Investing Factor Investing, MarketFoxMarketFox columnist Daniel Grioli looks at the similarities in statistical methods between trait psychology and factor investing, and considers what this might tell us about our investment framework. Read More
Is Simple Always Better Than Complex? MarketFoxIn this last instalment, of the four part series on the criticisms of behavioural finance, MarketFox columnist Daniel Grioli brings it all together and makes the case for a framework that helps us decide how to choose between using heuristics and more complicated methods. Read More
Is System One and Two Thinking Helpful? MarketFoxIn this third part in the serie on behavioural finance, MarketFox columnist Daniel Grioli takes a critical look at Kahneman and Tversky’s system one and two model and asks the question whether it is useful to apply this to assess decision-making. Read More
Heuristics are Biased. But are They Lazy and Dumb? Behavioural Finance, MarketFoxIn this second instalment of the four part series on the criticisms of behavioural economics, MarketFox columnist Daniel Grioli looks at heuristics: are they lazy and dumb? Read More
The Biggest Risk in Investing is Trying to Avoid It: Grantham MarketFox, Risk and RegulationAsset managers don’t take enough risk when implementing their best ideas, according to veteran investor and GMO co-founder Jeremy Grantham. “By far the biggest risk in the long run is to try and avoid risk, to try and hedge everything out,” Grantham says. “Forget it. You’ve got to learn to take some risk and hit […] Read More
Are We Biased? – Bringing Time Series into Behavioural Finance Behavioural Finance, MarketFoxBefore becoming a professional investor, I was a psychology student at the University of Melbourne. The course took me on an interesting personal journey. In first year, we studied the classic research. Studies such as Pavlov’s conditioning experiments with dogs, Asch’s conformity studies, Milgram’s coerced compliance experiments and Zimbardo’s infamous Stanford prison experiment. By the […] Read More
Interested in Blockchain? There is an ETF for that Innovation, MarketFoxMarketFox columnist Daniel Grioli is back from the United States and tells of his adventures in ETF land. Read More
