Portfolio Management Software
By Terrance Odean 1998 Abstract / Introduction: I test the disposition effect, the tendency of investors to hold losing investments too long and sell winning investments too soon, by analyzing trading records for 10,000 accounts at a large discount brokerage house. These investors demonstrate a strong preference for realizing winners […]
By J L Kelly March 1956 Abstract / Introduction: If the input symbols to a communication channel represent the outcomes of a chance event on which bets are available at odds consistent with their probabilities (i.e., “fair” odds), a gambler can use the knowledge given him by the received symbols […]
Without a doubt, the 2008 Wall Street crash was very hard to swallow. Many are still smarting from “the street’s” collapse, with some vowing to never again enter that particular financial market. The problem with this, however, is the simple fact that there aren’t many other avenues for investors to […]
By Ian Hawkins – 1998 Abstract / Introduction: The purpose of this class is to provide an idiosyncratic review of the techniques for risk analysis that a risk management professional should be familiar with. This document contains a large number of references and you should spend some time tracking a few […]
Reproduced with permission Brett Steenbarger Sometimes you hear people debate whether trading success is attributable more to trading techniques vs. psychology. The answer, of course, is both-but the point where the two intersect is risk management. A huge percentage of trading success or failure can be laid at the doorstep […]