Research
Research papers
15 Essential Finance ConceptsCompounding, diversification, fat tails, behavioural biases, sequence risk, the Kelly criterion, tax drag and eight more concepts every long-term…
The Allocation Dilemma: What To Do With Additional CapitalWhen you add new money to a portfolio, adding to winners, adding equally, rebalancing or adding to losers each hides a bet on what markets do next.…
What “1-in-100” Market Losses Mean for Pension InvestorsA “1% chance of a 35% loss” is not a once-a-century event. Why pension investors should think in drawdowns, and a practical rule linking tolerable…
Behavioural Finance: Why Investors Panic and How to Stay DisciplinedLoss aversion, recency bias, regret aversion and overconfidence explain why investors sell in a panic and try to time the market, and why it usually…
Corrections and Bear MarketsHow often S&P 500 corrections turn into bear markets, how deep and long they usually are, what caused recent bears and the warning signs to watch. A…