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Prudent Man CFA
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28 Key Asset Categories: How Do They Compare? [View article]
On Jun 10 12:37 PM Richard Shaw wrote:
> Prudent Man CFA: If you were a trend follower, you would not find
> the data to be nonsense, or irrelevant. There are other approaches
> as CFAs are taught to follow, but it is nonsense to call the data
> nonsense.
I have been successfully managing institutional portfolios successfully, including derivatives, for over fifty years, winning Lipper awards. I don't know your experience or care, but needing 28 eight indicators to confirm a decision to me is a sign of lack of confidence and hiding behind the numbers. I have colleagues who buy these printouts and manage billions and need a committed to make a decision. Investing is an art not science and those who don't realize this either end up teaching at some Ivy League diploma mill or drive cab.
I have probably been a CFA longer than you have lived and I would never higher anyone just because they were a PhD.d, MBA and/or CFA. The proof is in the pudding.
Have fun with your numbers! You get better info off of Yahoo Finance. Save your time and money. Never met a "trend follower" who survived more than a couple of years as they are broke by the time they realize the trend has changed.
28 Key Asset Categories: How Do They Compare? [View article]
Just one can bring down a house of cards.
Like most academic nonsense, irrelevant to the fact of economic life.