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Author Archives: Alfred Slager
Trichet’s high conviction speech
Brilliant blog by Izabella Kaminski in ft.com/alphaville, finding strong similarities between Jean Claude Trichet’s swan song at the ECB defending the bank’s record, and Jack Nicholson as Colonel Nathan Jessup, delivering his speech in the courtroom to defend his decisions … Continue reading
10 Tips for Crisis Management
Pension funds experienced an uncomfortable déjà-vu when financial markets appeared to be heading towards a new abyss last week. Somehow, markets rebounded but experts fear that there might be worse to come. Business leaders and investors increasingly voice their concerns … Continue reading
Posted in Articles, Blog, Management, Uncategorized
Tagged board meeting, checklist, decision-making, financial markets, risk management, stress test
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Mauboussin – the short version
An MBA student fortunate enough to follow Michael Maboussin’s lectures jotted down the key messages in this blog by Frederica Zaldua. To give a flavour: “Investment outcomes combine skill and luck. Acknowledge the substantial role of luck. We’re all aware of … Continue reading
Posted in Blog, Uncategorized
Tagged decision-making, governance, investment process, Michael Mauboussin
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Best Practice Termination of Investment Mandates
Whenever Charles Ellis writes, I take notice. His classic book “Investment Policy: How to Win the Loser’s Game“ was for me the definitive eye opener. Starting out in the investment industry, managing mandates while working through several investment courses, the … Continue reading
Posted in Blog, Management, Uncategorized
Tagged Charles Ellis, decision-making, governance, investment manager, selection and monitoring
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Prospect Theory and Pension Funds
Interesting interviews with Daniel Kahneman were recently posted, about prospect theory and other key developments in behavioral finance. According to Thayer Watkins, Daniel Kahneman and Amos Tversky coined the phrase “Prospect Theory” for their studies of how people manage risk and … Continue reading