Nice paper here by Dr. Geoff Considine. If you’re a stricit efficient market believer you might want to skip this one. Considine makes a convincing argument against the theory (an argument I don’t think needs to be made after the irrational and volatile market action of the past 24 months) while showing simple examples of ways to obtain high risk adjusted returns. Well worth a read:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.