Biltmore Capitol

<h2>Distorted Statistics and Performance Tests: Part 2</h2>

Distorted Statistics and Performance Tests: Part 2

The second major problem with statistical tests as performed in finance and economics is a fundamental misunderstanding of inferential statistics Researchers perform studies based on models They attribute great importance to variables that are statistically significant But most researchers ...

<h2>Distorted Statistics and Performance Tests: Part 1</h2>

Distorted Statistics and Performance Tests: Part 1

Investment analysis, particularly alternative investment analysis, relies on empirical analysis of past returns to form predictions of future risk and return There are two primary problems with many performance studies: data dredging (also called data snooping), and flawed interpretation of ...

<h2>Investment Taxation Uncertainty</h2>

Investment Taxation Uncertainty

by Donald R Chambers President Trump has proposed numerous tax changes that could affect investment income and investment decisions Proposed tax changes that relate directly to investment income taxation include elimination of the estate tax, elimination of the 38% Obamacare tax on investment ...

<h2>Part 7: Market Timing and Putting it all Together</h2>

Part 7: Market Timing and Putting it all Together

Part 6 discussed four common types of investors whose strategies varied from betting on price trending, to betting on price reverting This part tries to develop conclusions regarding these complex issues and which strategies might be appropriate First, asset allocation is not simply about selecting ...

<h2>Part 6: Market Timing and Four Types of Investors</h2>

Part 6: Market Timing and Four Types of Investors

Part 5 of this series implies a scary conclusion: investors as a group, and buy-and-hold investors in particular, will tend to have their highest percentage allocation to equities when the equity market is topping out and their lowest allocations to equities when the equity market is bottoming out ...