Several business projects followed by a nasty case of the flu have silenced me recently. My apologies. While trying to beat the bug I received an email with a table outlining performance numbers for certain “model” portfolios run by a major Italian bank in the asset management field. The fever went up again soon afterwards. ...
This week I was in Milano and allowed myself a few minutes to marvel at the showpieces in the Vertu Boutique in via Monte Napoleone, where single mobile phones sell for several thousands units of any currency. This was after I attended a great conference sponsored by the UNHCR on the state of Italian philanthropy ...
Markets have begun the year in a little more unsettled fashion. Or so people feel. We are not talking about anything abnormal in particular, but the sense is that there is not much to be pleased about – aside from any upcoming monetary stimuli. Ever hugging the short-term as if there was no tomorrow, investors ...
This is a fascinating subject for me, not so much for its mathematical structure (which is simple and well understood) but more for its behavioral consequences. Let me clarify with an example. Suppose I buy Coca-Cola Company stock on May 16th 2013 and are reviewing my performance on October 9th 2013. Using closing ...