FYI: Next week I will have the distinct pleasure of joining a distinguished cadre of financial advisors, institutional investors, asset managers, journalists and fellow bloggers in New York City for the inaugural Evidence Based Investing Conference. It’s rare to come across a conference where you are just as excited about the attendee list as you are the speakers, but the folks organizing this event have done just that. For the uninitiated, the conference website provides a (working) definition of the phrase:
Regards,
Ted
http://bpsandpieces.com/2016/11/08/a-tale-of-two-investors/
Comments
There are many "tale of two investors". Ted has referenced one of them. Ted, it's a superior post. I loved it.
I find yet another tale of two investors more educational. Here is the Link to it:
http://www.huffingtonpost.com/dan-solin/a-tale-of-two-investors_b_5206530.html
I am much more like Mary in the story; I suspect many MFOers are like Paul. That's what makes for a marketplace.
Here is yet another Link to yet another tale of two investors:
http://fortune.com/contentfrom/2015/5/13/tale-of-two-investors/ntv_a/T7wBAJ7oCAfxgFA/
This reference features a rather strong advocacy for supplemental Monte Carlo analyses to backstop the investment decision. So do I. Monte Carlo techniques were developed during WW II while searching for the atomic bomb secrets. Monte Carlo helped at that time and can help once again. It was developed to explore likelihoods under uncertainties. That defines the marketplace, so Monte Carlo is a natural winner here.
If nothing else, I am constant in my postings.
Best Regards.