- This is the 2018(02) The tale of 3 market fallacies
“When I was a boy of 14, my father was so ignorant I could hardly stand to have the old man around. But when I got to be 21, I was astonished at how much the old man had learned in seven years.” Mark Twain
The quote above gives me a sense of my own career journey. So many concepts that I first learned I thought I understood and it was only when others share their perspective and insights (the value of diverse thinking) that my own becomes clearer. This is one of the many reasons I love writing for you. It gives me the opportunity to collate and carefully think through concepts and to present it to you. In this issue I have tackled some fallacies that have become embedded in our minds but that is not true. It is somewhat like reading the newspaper and a journalist detailing the reasons for a market correction or rebound.
- This is the 2018(01) Review and it includes: 1/ A welcome from Gareth Witten 2/ Will AI takeover active management? This article is based on a presentation that Gareth gave at a conference a week ago. He will be giving this presentation to a number of other groups in the future. 3/ Book and Article Review. 4/ The Academic Case for Indexing and Smart Beta. 5/ Reprint of a talk given by Ben Graham on 15 November 1963 - Securities in an Insecure World – by Ben Graham. 6/ InvestorLit webpage access which covers all years of the publication 7/ Example titles from InvestorLit Reviews. As always, Bruce and I are very much appreciative of all of our Subscribers over the past years and would like you to continue this journey with us.
August, 2017 – "CFA Society Philadelphia Conference"
- In our recent 2017(7) Review entitled "My Toronto CFA Society Board Meeting" I was very pleased to discuss briefly my three year membership with the Toronto CFA Society Board. Having done so, I would now like to add a further Review about a recent US CFA Society Philadelphia Conference, this being a great presentation which I attended on May 21-24, 2017. I have written up this as the current 2017(8) Review entitled: "CFA Society Philadelphia Conference". In this great CFA Conference Review article, I begin with a very brief comment of the CFA Society's Conferences in Canada and also the US, many of which I have attended throughout my career. Following this brief introductory comment, I proceed in this Review with the significant discussion on the US's very good recent CFA Annual Conference – this being held in Philadelphia in May as mentioned.
July, 2017 – "My Toronto CFA Society Final Board Meeting"
- This is a very brief Review of my recent three years in which I have been a member of the Toronto CFA Society Board. Plus I have sent a nice note to our Board Members at my last meeting on June 14th 2017. This Review covers my background, plus a brief note on two of my close friends (Sue Lemon and Pater Jarvis) on the Board, plus I list many of the senior people I have invited for speaking to our Society, then finally I have finalized with thanks and a farewell to our Society.