## Four Problems with the Sharpe Ratio

The Sharpe Ratio, named after William Forsyth Sharpe, measures the excess return per unit of deviation in an investment asset…

The Sharpe Ratio, named after William Forsyth Sharpe, measures the excess return per unit of deviation in an investment asset…

Daniel Kahneman (March 5, 1934) is an Israeli-American psychologist. He was awarded the Nobel Memorial Prize in Economic Sciences for…

Karl Popper – The Logic of Scientific Discovery, 1934: Now it is far from obvious, from a logical point of view,…

Short-term trading is highly addictive. The following twenty questions are provided by Gamblers Anonymous®. Most compulsive gamblers will answer ‘Yes’…

Misconceptions of chance: People expect that a sequence of events generated by a random process will represent the essential characteristics of that…

Viewers see what they want to see. The image No. 1 is a photograph of African villagers in front of a hut….

Andrew W. Lo: Based on evolutionary principles, the Adaptive Markets Hypothesis (AMH) implies that the degree of market efficiency is…

I. Profile Studying complex dynamics in the 1970s, Benoit Mandelbrot had a key insight about a particular set of mathematical objects: that…