Wed, Jul 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Jack Schwager's new book debunks commonly held myths about investing

Friday, December 28, 2012

Bailey McCann, Opalesque New York:

"This is the most important book that I have done," Jack Schwager says of his latest release- Market Sense and Nonsense in a recent Opalesque TV interview. "It’s a compilation of everything I have learned about what’s right and wrong with investment, trading and performance evaluation," he says. In the book, Schwager seeks to separate the facts from the fiction in current market folklore in order to help investors and professionals alike gain a deeper understanding about how the market really operates.

For readers, one of the big surprises may be that Schwager says picking the best performing strategies may actually be the wrong thing to do. He says that picking the best recent performer rarely equates to similar future returns. By way of an example, Schwager picks the best 10 S&P sectors and best hedge fund strategies over different time horizons. "Bottom line, what I came up with is no matter how you do this exercise, you almost consistently find that picking the best does worse than the average. So certainly in return risk terms it's even more extreme."

He explains that if investors instead divided their investments among all hedge fund strategies rather than picking the best at a given time, they will do better. Even more surprising his data shows that picking the worst performing stra......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New