|
Upcoming Events
Most recent files |
Chicago File: Indexing, Benchmarking, Performance Measurement Speakers: KaplanChicago File: Indexing, Benchmarking, Performance Measurement Speakers: Kaplan (chicago-20060615-kaplan.pdf by Paul Kaplan) Dr. Kaplan discusses "Collared Weighting: A Bridge Between Market and Fundamental Approaches."
Dr. Paul D. Kaplan is director of research at Morningstar, responsible for the quantitative methodologies behind Morningstar’s fund analysis, stock analysis, advice, advisor tools, and other services. He conducts research on style analysis, performance measurement and attribution, equity and fixed income models, asset allocation, and portfolio construction. He has developed models of investment style, fund ratings, and asset allocation. He has performed asset-allocation analysis, developed and back tested portfolio-management strategies, and led the development of a family of equity style indexes.
Many of Dr. Kaplan’s research papers have been published in professional books and publications such as the Journal of Portfolio Management, the Journal of Investing, the Journal of Performance Measurement, the Journal of Indexes, and the Handbook of Equity Style Management. The paper he wrote with Roger Ibbotson, “Does Asset Allocation Policy Explain 40, 90, or 100 Percent of Performance?” which appeared in the Financial Analysts Journal, won a Graham and Dodd Award of Excellence for 2000.
Dr. Kaplan has made numerous presentations on fund analysis, asset allocation, portfolio management, and related topics at professional conferences, meetings of professional organizations, and professional education programs. His opinions have been quoted in the Financial Times, » download | visit homepage | 160.35 KB
|
User loginNavigationQuotations
For a dynamical system ... to be orderly, it must exhibit homeostasis; that is, it must be resistant to small perturbations.
In the chaotic regime, similar initial states tend to become progressively more dissimilar, and hence to diverge farther and farther apart in state space, as each passes along its trajectory. This is just the butterfly effect and sensitivity to initial conditions. Small perturbations amplify. Conversely, in the ordered regime, similar initial states tend to become more similar, hence converging closer together as they flow along their trajectories. This is just another expression of homeostasis. ... networks at the phase transition have the property that nearby states neither diverge nor converge. Who's onlineThere are currently 0 users and 31 guests online.
Markets
|
||||||||||||||||||||||||||||||||||||||||
