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Back to basics: the forgotten “sell” decision

A few years back, I wrote a post on how I stumbled into investing. After experimenting with a number of investment philosophies, the one that I settled on was value investing. In fact, value investing resonated with me so much that, I wondered why anyone would choose a different approach to investing. However, with more experience … Continue reading Back to basics: the forgotten “sell” decision

Connecting the dots between theory and practice

One of the biggest complaints against finance theory from practitioners of investing is that it is not “practical enough” and does not represent the real world.  We all know that an economy is the culmination of decisions being made by millions of individuals every day and unlike hard sciences, finance has to deal with people’s … Continue reading Connecting the dots between theory and practice

Diversification and Non-Ergodicity – A layman’s perspective

The argument for diversification is ancient wisdom and pre-dates the financial markets as we know them today.  After all, the age old saying, "Don't put all your eggs in one basket", was first recorded in a 1605 Spanish publication.  It's a simple, yet useful idea that has been drilled into generation after generation. As academic … Continue reading Diversification and Non-Ergodicity – A layman’s perspective