Performance demands humility to adapt while lasting value calls for the ambition to serve society
Market as an
ecosystem
As an investor for more than three decades,
I was thorned by the paradoxes between the static assumptions of Modern Portfolio Theory and every-day concrete examples of market cyclicality and investors behavioural bias.
Markets can behave randomly and cannot be explained by theory. You have to be adaptive to new cycles.
I subscribe to Andrew Lo’s Adaptive Markets Hypothesis which combines the Modern Portfolio Theory with behavioural finance.
As an investor for more than three decades,
I was thorned by the paradoxes between the static assumptions of Modern Portfolio Theory and every-day concrete examples of market cyclicality and investors behavioural bias.
Markets can behave randomly and cannot be explained by theory. You have to be adaptive to new cycles.
I subscribe to Andrew Lo’s Adaptive Markets Hypothesis which combines the Modern Portfolio Theory with behavioural finance.
Risk with
Perspective
Assessing risks is more complex than just estimating volatility and correlation.
As a practitioner in financial markets for 30 years, I learned that all risks are not created equal. Some risks are worth taking, while some are not.
Risks should be managed dynamically according to macro-economic cycle.
Jul 30, 2020: We all need to reassess what we understand by the word “risk".
Assessing risks is more complex than just estimating volatility and correlation.
As a practitioner in financial markets for 30 years, I learned that all risks are not created equal. Some risks are worth taking, while some are not.
Risks should be managed dynamically according to macro-economic cycle.
Sustainability
into Strategy
Investors are accustomed to considering risk and return as the two dimensions that guide asset allocation.
I would include a third dimension to portfolio optimisation by integrating sustainability.
I don’t take the view that addressing sustainability systematically drives outperformance. This will rely on the level and characteristics of the active risk allocated to sustainability.
Investors are accustomed to considering risk and return as the two dimensions that guide asset allocation.
I would include a third dimension to portfolio optimisation by integrating sustainability.
I don’t take the view that addressing sustainability systematically drives outperformance. This will rely on the level and characteristics of the active risk allocated to sustainability.
Finance with
purpose
Aware of the financial industry responsibilities, my aim is to reconcile the interests of investors and society at large.
I believe that the success of investors and the health of our human and nature ecosystems are intertwined.
Finance has the transformative power to catalyse positive change for all stakeholders through allocating meaningfully capital flows.
June 22, 2021 ESG : towards a more purposeful capitalism and fiduciary duty
Aware of the financial industry responsibilities, my aim is to reconcile the interests of investors and society at large.
I believe that the success of investors and the health of our human and nature ecosystems are intertwined.
Finance has the transformative power to catalyse positive change for all stakeholders through allocating meaningfully capital flows.