article thumbnail

10 Weekend Reads

The Big Picture

To be a successful investor you need to possess a number of different traits. You need to understand how math, statistics and probabilities work. Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Evolution of Financial Advice.

Math 258
article thumbnail

The Skew

The Irrelevant Investor

Hendrik Bessembinder An excellent piece from Bloomberg came out over the weekend, The Math Behind Futility , which looks beyond the usual explanations as to why the majority of professional stock pickers fail to keep up with an index. In 2016, the average S&P 500 stock returned 1.5 down to 2.9%.

Math 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Exchange Traded.Income?

Random Roger's Retirement Planning

Part of the math that determines options premiums is the risk free rate of return from T-bills. If it can generate that sort of total return which is yet to be proven, and if, I say if, it delivers that sort of number with less volatility than the broad market then its attractiveness improves.

Math 58
article thumbnail

NOW 2018 | China and the Race for Artificial Intelligence

Brown Advisory

Notably, between 2000 and 2016, U.S.-based But the activity gap has narrowed over the past five years, and a growing number of startups, patent filings and VC dollars are now driven by Chinese innovation. has commanded the majority of AI activity over the past two decades.

Startup 52
article thumbnail

NOW 2018 | China and the Race for Artificial Intelligence

Brown Advisory

Notably, between 2000 and 2016, U.S.-based But the activity gap has narrowed over the past five years, and a growing number of startups, patent filings and VC dollars are now driven by Chinese innovation. has commanded the majority of AI activity over the past two decades.

Startup 52
article thumbnail

Pain is Part of the Process

The Better Letter

As I write this TBL, the S&P 500 is getting crushed and (using very rough numbers) is down 18 percent year-to-date. Based upon last week’s TBL , those hedge fund numbers sound high. Using very rough long-term return numbers (9.5% The Dow is down 8.5 The Nasdaq is down a dreadful 31 percent. I’ve had a few.

article thumbnail

Global Leaders Strategy Investment Letter: January 2024

Brown Advisory

We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. 12 At Intuit’s Investor Day in September last year, management highlighted the maths within their QuickBooks SME accounting software franchise, whereby any improvement in the success rates (i.e.