Extinction
of the noble and important profession of investment advising, as we know it, is
a distinct possibility because all markets eventually close, are closing the inefficiency
gaps between value and price, competent and unqualified, skilled and unskilled,
serving and self-serving, and most of all, good investment advising judgment and
management skills and bad investment advising judgment and management skills. mhj3.com
is intended for those investment advisors who —
thinking that they can be better, much better and do better, much better,
knowing that investors deserve more, much more, and wanting to escape
the 'long investing performance rhetoric, short investing performance results'
black hole of investment advising — feel
"I'm as mad as hell and I'm not going
to take this anymore."' —
Howard
Beale, Network, 1976;
determined to drill down to investing performance bedrock to address the substantive
issues of advising and investing that actually do determine investing outcomes. However: - If
you are just looking for other ways to do business as usual without thinking about
what you do, how you do it, and why you do it the way you do.
If you are blindly and inexplicably 'connected at the hip' to mindless
Modern Portfolio Theory and all of its illegitimate relatives — Monte
Carlo Analysis, Efficient Frontier Analysis, Beta,
Brinson's Asset Allocation —and a distant flawed investing relative, Technical
Analysis.
If you
are unalterably dependent on pie chart, graph, and historical data dump infested
investment plans — which, contrary to fact and law, suggest that past investment
performance is, indeed, an indicator of future investing results — to make
your investment advising cases.
mhj3.com is not for you. |