Volume 14, Number 3, 2016 Xiaojing Dong and John Heineke For decades, statistical methods, many based upon the “general linear model,” have been used to do estimation and test hypotheses in the social and natural sciences, in medicine, and in the private sector. These tools have become increasingly sophisticated and are often paired with powerful… Read more
3rd Quarter (2016)
Case Study – Developing Countries
Case Study Volume 14, Number 3 , Third Quarter 2016 View PDF… Read more
Book Review – Misbehaving The Making of Behavioral Economics
BOOK REVIEW Misbehaving The Making of Behavioral Economics (by Richard Thaler) Reviewed by Javier Estrada Volume 14, Number 3 , Third Quarter 2016 View PDF… Read more
The Profitable Dividend Yield Strategy
Volume 14, Number 3, Third Quarter 2016 Wai Mun Fong and Zhehan Ong Stocks with high dividend yield (DY) have value-like returns and defensive qualities that make them highly attractive to investors. We show that this investment strategy can be powerfully enhanced by choosing stocks with both highDY and high gross profits-to-assets (GPA). Consistent with… Read more
It’s Easy to Beat the Market
Moshe Levy Volume 14, Number 3, Third Quarter 2016 The perception that it’s hard to beat the market portfolio is widespread. Indeed, passive investment has more than doubled in the last decade. While various different strategies have been suggested to outperform passive indexing, the market is still considered by many as the relevant benchmark to… Read more
How Do Private Equity Investments Perform Compared to Public Equity?
Robert S. Harris, Tim Jenkinson and Steven N. Kaplan Volume 14, Number 3, Third Quarter 2016 The merits of investing in private versus public equity have generated considerable debate, often fueled by concerns about data quality. In this paper, we use cash flow data derived from the holdings of almost 300 institutional investors to study… Read more
INSIGHTS – Mass Customization Versus Mass Production – How an Industrial Revolution is About to Take Place in Money Management and Why it Involves a Shift From Investment Products to Investment Solutions
Lionel Martellini Volume 14, Number 3, Third Quarter 2016 While mass production has happened a long time ago in investment management through the introduction of mutual funds and more recently exchange traded funds, a new industrial revolution is currently under way, which involves mass customization, a production and distribution technique that will allow individual investors… Read more
PRACTITIONER’S DIGEST
PRACTITIONER’S DIGEST Volume 14, Number 3, (2016) View PDF… Read more