I spend quite a bit of time at work trying to understand where we are in the business cycle. That…
Technical Blog
How to Optimize a Goal-Based Portfolio
Traditional portfolio optimization (often called modern portfolio theory, or mean-variance optimization) balances expected portfolio return with expected portfolio variance. You…
Why You Should Be a Goals-Based Investor
Imagine for a moment that you owe a violent loan shark $10,000 by tomorrow morning. But today you have only…
How Much Can You Lose Before You’ve Lost Too Much?
I started my career in finance in 2007. For about a year I thought “this is great!” Then 2008 hit…
Labor Force Growth by Decade – R Code
I just posted an interesting look at the growth of the labor force by decade. Given that I used R…
Optimizing a portfolio in R – Monte Carlo method
I regularly use monte carlo engines to answer questions. First, they are really flexible in their ability to model non-normal…
Current Unconventional Monetary Policy & What Comes Next
I have struggled to answer some basic contradictions in our economy. On the one hand, we have printed, spent, and…
A Professional Investor’s Take on the Naivete of American Compass
As a professional money manager working in public markets, I love watching how we are portrayed in popular culture. Sometimes we…
“Ok Boomer…” I’m Gonna Keep Homeschooling My Children
As a homeschooling father, I am no stranger to explaining our family’s choice to home educate our children:“Yes, they have…
Elizabeth Warren and AOC Get Everything Wrong about M&A
Arthur Schopenhauer once quipped that if it were constantly repeated with great solemnity, nothing was too absurd for people to…
Franklin J. Parker, CFA 