Once Bitten: Why Investors Won’t Buy Back a Stock That Burned Them
Every investor has a name or two they’ll never own again – and it’s rarely about the fundamentals.
Performance Attribution Beyond Brinson: How Decision-Based Analysis Reveals True Investment Skill
Most institutional investors evaluate active equity managers using Brinson-Fachler attribution or Fama-French factor models -- frameworks that explain performance after the fact but say little about the decisions that produced it.
Why Cutting Losses is so Hard – Especially Now
Behavioral biases and cognitive depletion conspire to make exit decisions among the weakest areas of professional investor skill. The data -- and the habits of the world's best fund managers -- show there's a better way.
Winners and Losers in a World Without Quarterly Reporting
The question of whether quarterly earnings reporting promotes or undermines long-term value creation is back on the table. With U.S. policymakers once again considering a shift to semi-annual reporting, it’s worth asking: what would such a change really mean?
Active Equity Fund Management Isn’t Dying – It’s Evolving
For active managers, the path ahead is narrower and more demanding, but those who can align with evolving investor needs and deliver tangible value will find that their relevance is not obsolete.
Essentia’s 12 Quotes of Christmas
Το celebrate this year’s holiday season, here are 12 pieces of timeless wisdom for your investment decision-making in 2020 and beyond.
The Link Between Decision-Making and Investment Returns
Our new paper describes the relationship between investment skill and returns – and could revolutionize portfolio manager evaluation.
Five Reasons to Discuss Decision Attribution Analysis With Your Team Now
It’s in everybody’s interest to focus on investment decision-making skill. Here's why you should start the conversation with your team now -- and how to do it.
The Next Big Metric: Decision-Making Skill
Watch our five-minute video to learn how it works.
The Continuity of Investment Decision-Making Skill
Unlike past portfolio performance, this measure of investment decision-making skill exhibits a statistically-significant relationship into the future.