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Mauboussin: The Two Decision Aids that Fundamental Investors Should Use…But Often Don’t

3/27/24
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The Benefits Of Manager Aggregation
Analytics
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The Benefits Of Manager Aggregation
Alpha Theory, Alpha Theory blog, Cameron Hight, stock pickers, risk management, diversification, down markets
9/11/20
Performance During The Pandemic (Part 2)
Analytics
Behavioral Finance
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Probability-weighted Return
Performance During The Pandemic (Part 2)
Alpha Theory, Alpha Theory blog, Cameron Hight, COVID, optimal position sizing
8/21/20
Performance During The Pandemic (Part 1)
Analytics
Behavioral Finance
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Probability-weighted Return
Performance During The Pandemic (Part 1)
Alpha Theory, Alpha Theory blog, Cameron Hight, COVID, alpha returns
7/31/20
The Short End Of The Stick
Analytics
Behavioral Finance
Institutional Investor
Portfolio Strategy
Portfolio Optimization
The Short End Of The Stick
Alpha Theory, Alpha Theory blog, Cameron Hight, short portfolio, alpha returns
6/19/20
A Fundamentalist’s Attempt To Take Advantage Of Factor Moves
Analytics
Behavioral Finance
Institutional Investor
Portfolio Strategy
Portfolio Optimization
A Fundamentalist’s Attempt To Take Advantage Of Factor Moves
Alpha Theory, Alpha Theory blog, Omega Point, factors, fundamental investment
4/4/20
Alpha Theory 2019 Year In Review
Analytics
Behavioral Finance
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Alpha Theory 2019 Year In Review
Alpha Theory, Alpha Theory blog, Cameron Hight, equity hedge index, research slippage
3/6/20
Doing More With Less – Cliff Asness Illiquidity Discount Article
Analytics
Behavioral Finance
External Articles
Institutional Investor
Portfolio Strategy
Doing More With Less – Cliff Asness Illiquidity Discount Article
Alpha Theory, Alpha Theory blog, Cameron Hight, Cliff Asness, Illiquidity Discount, asset pricing
2/8/20
The Active Manager Paradox High-Conviction Overweight Positions
Portfolio Strategy
External Articles
The Active Manager Paradox High-Conviction Overweight Positions
Alpha Theory, Alpha Theory blog, Cameron Hight, high-conviction overweight positions, concentration manifesto
1/3/20
Capturing Alpha In Risk Rewards - Morgan Stanley
Behavioral Finance
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Probability-weighted Return
Capturing Alpha In Risk Rewards - Morgan Stanley
Alpha Theory, Alpha Theory blog, Cameron Hight, Morgan Stanley, concentration manifesto, forecasting
12/1/19
Concentrating On Concentration: New Data On Portfolio Concentration
Analytics
External Articles
Portfolio Strategy
Portfolio Optimization
Probability-weighted Return
Concentrating On Concentration: New Data On Portfolio Concentration
Alpha Theory, Alpha Theory blog, Cameron Hight, portfolio concentration, concentration manifesto, equity managers
11/1/19
The Difference Between Intrinsic And Extrinsic Value – A Case Against WACC
Analytics
Behavioral Finance
Portfolio Strategy
Portfolio Optimization
Probability-weighted Return
The Difference Between Intrinsic And Extrinsic Value – A Case Against WACC
Alpha Theory, Alpha Theory blog, Cameron Hight, intrinsic value, extrinsic value, scenario analysis
10/4/19
Superforecasting And Noise Reduction In Financial Analysis
Analytics
Behavioral Finance
Portfolio Optimization
Portfolio Strategy
Probability-weighted Return
Superforecasting And Noise Reduction In Financial Analysis
Alpha Theory, Alpha Theory blog, Cameron Hight, Good Judgement Inc, superforecasting, reducing noise, Brier score
9/19/19
Noise: The Maker Of Markets And Madness
Analytics
Behavioral Finance
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Noise: The Maker Of Markets And Madness
Alpha Theory, Alpha Theory blog, Cameron Hight, reducing noise, bias, accuracy
9/5/19
The Concentration Manifesto For Shorts
Analytics
Behavioral Finance
External Articles
Portfolio Strategy
Portfolio Optimization
The Concentration Manifesto For Shorts
Alpha Theory, Alpha Theory blog, Cameron Hight, Concentration Manifesto, Novus
8/1/19
Brief Buys…Slow Sells
Analytics
Clare Flynn Levy
Essentia Analytics
Institutional Investor
Portfolio Strategy
Brief Buys…Slow Sells
Alpha Theory, Alpha Theory blog, Cameron Hight, Selling Fast Buying Slow, ROIC, Essentia Analytics
7/1/19
Increasing The Probability Of Success - Part 2
Behavioral Finance
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Probability-weighted Return
Increasing The Probability Of Success - Part 2
Alpha Theory, Alpha Theory blog, Cameron Hight, probability-weighted return, probability, superforecasting
6/1/19
Increasing The Probability Of Success - Part 1
Analytics
Behavioral Finance
Portfolio Strategy
Portfolio Optimization
Probability-weighted Return
Increasing The Probability Of Success - Part 1
Alpha Theory, Alpha Theory blog, Cameron Hight, probability-weighted return, probability, price targets
5/1/19
Why Price Targets Are Broken And An Easy Method To Fix Them
Analytics
Portfolio Strategy
Portfolio Optimization
Probability-weighted Return
Risk Management
Why Price Targets Are Broken And An Easy Method To Fix Them
Alpha Theory, Alpha Theory blog, Cameron Hight, price targets, probability-weighted return, calculated risk
4/1/19
Your Position Size Is Wrong: A Plea To Put Down The Mental Calculator
Analytics
Behavioral Finance
Portfolio Strategy
Portfolio Optimization
Probability-weighted Return
Your Position Size Is Wrong: A Plea To Put Down The Mental Calculator
Alpha Theory, Alpha Theory blog, Cameron Hight, position sizing, probability-weighted return
3/1/19
Alpha Theory 2018 Year In Review
Analytics
Behavioral Finance
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Alpha Theory 2018 Year In Review
Alpha Theory, Alpha Theory blog, Cameron Hight, equity hedge index, position sizing, research slippage
2/8/19
Valuing Momentum: Part 2
Analytics
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Risk Management
Valuing Momentum: Part 2
Alpha Theory, Alpha Theory blog, Cameron Hight, Cliff Asness, momentum, value investing
1/5/19
Valuing Momentum: A Fundamentalist Coming To Terms With Momentum - Part 1
Analytics
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Risk Management
Valuing Momentum: A Fundamentalist Coming To Terms With Momentum - Part 1
Alpha Theory, Alpha Theory blog, Cameron hight, momentum, mean-reverting
12/21/18
Better Predictions Lead To Better Returns (Garbage In – Garbage Out)
Analytics
Portfolio Strategy
Portfolio Optimization
Risk Management
Superforecasting
Better Predictions Lead To Better Returns (Garbage In – Garbage Out)
Alpha Theory, Alpha Theory blog, Cameron Hight, actual returns, forecasted returns, position sizing
11/2/18
Explicit Lyrics - Why Implicit Assumptions Are Dangerous
Portfolio Strategy
Explicit Lyrics - Why Implicit Assumptions Are Dangerous
Alpha Theory, Alpha Theory blog, Cameron Hight, implicit assumptions, explicit, Michael Mauboussin
10/14/18
8 Mistakes Money Managers Make
Benn Dunn
Institutional Investor
Portfolio Optimization
Portfolio Strategy
Risk Management
8 Mistakes Money Managers Make
Alpha Theory, Alpha Theory blog, Cameron Hight, Fox Business News, 8 Mistakes
10/1/18
What Is Your 6th Best Idea?
Analytics
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Risk Management
What Is Your 6th Best Idea?
Alpha Theory, Alpha Theory blog, Cameron Hight, 6th best idea, portfolio management
9/8/18
Signs Of Seasonality
Analytics
Benn Dunn
Portfolio Strategy
Portfolio Optimization
Risk Management
Signs Of Seasonality
Alpha Theory, Alpha Theory blog, price targets, investor activity, Post Earnings Season
8/17/18
More Evidence Of Manager Skill – Concentration Manifesto Continued
Analytics
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Risk Management
More Evidence Of Manager Skill – Concentration Manifesto Continued
Alpha Theory, Alpha Theory blog, Cameron Hight, Concentration Manifesto, batting average, win percentage, measuring skill
7/5/18
Don’t Double Discount Your Discounted Cash Flow
Analytics
Portfolio Strategy
Portfolio Optimization
Risk Management
Don’t Double Discount Your Discounted Cash Flow
Alpha Theory, Alpha Theory blog, Cameron Hight, discounted cash flow analysis, risk-premium, risk scenario
6/4/18
Positive Skew…Part 2 – Maybe It’s Not So Bad For Active Managers After All
Analytics
External Articles
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Positive Skew…Part 2 – Maybe It’s Not So Bad For Active Managers After All
Alpha Theory, Alpha Theory blog, Cameron Hight, positive skew, stock return, index return
5/3/18
Positive Skew Is Negative For Active Managers
Analytics
Benn Dunn
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Positive Skew Is Negative For Active Managers
Alpha Theory, Alpha Theory blog, Cameron Hight, positive skew, market skew
4/6/18
Size-Based Batting - A Different Perspective On Stock Selection
Analytics
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Risk Management
Size-Based Batting - A Different Perspective On Stock Selection
Alpha Theory, Alpha Theory blog, Cameron Hight, batting average, stock picking, size-based batting
3/2/18
Alpha Theory Case Study: Top Performing Funds Of 2017
Analytics
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Risk Management
Alpha Theory Case Study: Top Performing Funds Of 2017
Alpha Theory, Alpha Theory blog, Cameron Hight, case study, equity fund
2/7/18
2017 Year In Review
Analytics
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Risk Management
2017 Year In Review
Alpha Theory, Alpha Theory blog, Cameron Hight, position sizing, research slippage
1/5/18
Superforecasting For Investors: Part 2
Analytics
Institutional Investor
Portfolio Strategy
Portfolio Optimization
Risk Management
Superforecasting For Investors: Part 2
Alpha Theory, Alpha Theory blog, Cameron Hight, book club, superforecasting
12/15/17
Concentration During Periods Of High Volatility
Analytics
Portfolio Strategy
Concentration During Periods Of High Volatility
Alpha Theory, Alpha Theory blog, Cameron Hight, concentration manifesto, high volatility, monte carlo
12/1/17
Predictably Insightful: Recap Of The Behavioral Alpha Conference
Analytics
Clare Flynn Levy
Essentia Analytics
Portfolio Strategy
Portfolio Optimization
Predictably Insightful: Recap Of The Behavioral Alpha Conference
Alpha Theory, Alpha Theory blog, Cameron Hight, Behavioral Alpha Conference, Essentia Analytics, Predictably Irrational
11/10/17
American Idols
Superforecasting
American Idols
Alpha Theory, Alpha Theory blog, Cameron Hight, forecasting, Good Judgement Inc, The Frontier of Forecasting Conference
10/20/17
Poker: Art Vs Science
Analytics
Portfolio Strategy
Risk Management
Poker: Art Vs Science
Alpha Theory, Alpha Theory blog, Cameron Hight, Game Theory Optimal, GTO
10/6/17
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