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
Pan-Māori Fund Raises Nearly Double Targeted Amount Asset AllocationThe first pan-Māori investment fund reaches nearly double the targeted seed money at the close of its capital raising. Read More
A Reflection on Diversity on Wall Street Profile, Public MarketsPortfolio Manager Denise Selden has had a tremendous career on Wall Street, which spans almost 60 years. But working as one of the few women on Wall Street in her early days certainly provided some challenges. Read More
The Changing Face of Active Management Asset AllocationBig technology platforms, such as Amazon, not only disrupt the retail industry, they also affect the nature of active management, David Eiswert says. Read More
Combining Best Ideas in Search of Alpha Asset AllocationGood ideas take time. In fact, one of the best ways to kill creativity is to act swiftly and decisively. In a lecture delivered in 1991, British comedian John Cleese gave an insight into why some people are more creative than others and come up with better ideas. Despite what you might think, talent was […] 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
Australia Needs to Export Tech, Not Talent: Farquhar Private & Alternative Markets, Risk and RegulationIf Australia is to maintain its standard of living, it needs to make a greater effort to build a domestic technology industry, rather than allowing its well-educated professionals to be poached by overseas companies. Scott Farquhar, co-founder and co-CEO of Atlassian, told an audience of venture capital and institutional investors in early March that Australian […] Read More
Too Many Investment Advisers Don’t Get Portfolio Construction Asset AllocationPortfolio construction is a specialised skill and there are too many professionals in the investment industry who manage people’s money without the right knowledge to build portfolios, according to the new chair of the CIMA Society of Australia. “I took the chair role because there are a lot of people who make decisions about investments […] Read More
