Blog Archives

Speculation: a speculative quest

“We are pattern seekers, believers in a coherent world, in which regularities [...] appear not by accident but as a result of a mechanical causality or of someone’s intention. We do not expect to see regularity produced by a random process, and when we detect what appears to be a

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Posted in Economics
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EFPA EFA score: Bayes’ prediction power (Italian)

La stima dei parametri di input nel modello media-varianza è uno dei punti cruciali di difficoltà con cui si cimentano gli investitori che intendano aggiungere rigore oggettivo e allo stesso tempo sottrarre distorsione soggettiva al problema fondamentale delle scelte di portafoglio. La stima della probabilità che un evento si veri fichi condizionata a

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Posted in Economics, Whitepapers
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ECB’s Financial Stability Review: last call

The ECB’s recent last call to public finance austerity and reform rigor has been relayed by its last Financial Stability Review update on November 27. Though admittedly austerity has been and still is a short-term recessive drag on the mostly stressed peripheral euro economies, it remains an important factor to be

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Posted in Economics
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Duration matching and bond selection

READ a book about fixed income investment management and you’ll be baffled.

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Posted in Economics
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Yield to maturity on Excel

Excel offers simplicity via convenience: yield to maturity and internal rate of return are at hand on such ubiquitous tool. During the preparation of our mostly sought-after e-learning training sessions for the EFPA certificate, at eXponential we have realized how bewildered financial advisors are sometimes at dealing with Excel for

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Posted in Economics
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