Investment Philosophy
Zero and its relatives
A brief note on negative prices and their impact on financial modeling.
April 2020
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Investment Philosophy
Why to avoid alpha, and how – part 2
The non-portability of alpha.
May 2019
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Investment Philosophy
Why to avoid alpha, and how – part 1
Redefining the art of investing from ‘striving for positive alpha’ to ‘avoiding negative alpha’.
October 2018
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Investment Philosophy
Real factor investing
Real factor investing is about acknowledging and respecting the real factors that drive markets. Why does Eugene buy a car?
August 2018
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Investment Philosophy
Beat the index, don't beat the market
Index investing has become ever more popular. Contributing to the market, however, requires another state of mind.
June 2018
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