Private wealth management is the investment management specialization focused on high-
net-worth individuals and families. Portfolio design and investment solutions in private …

To date, research on dollar-cost averaging (DCA) has focused on the strategy's cost
advantages: a constant amount buys more when the price drops and less when the price …

Abstract Dollar-Cost Averaging investment strategy has been widely criticized by academics
for decades. This article proposes an Augmented Dollar-Cost Averaging (ADCA) strategy …

Dollar cost averaging—spreading an investor's stock purchases evenly over time—is widely
touted in the popular press because of the mathematical fact that the average cost per share …

Extensive evidence shows that lump sum investing (LSI) beats dollar-cost averaging (DCA)
in most stock markets. We show that DCA investors are not doomed to inferior returns …

This article presents a highly intuitive approach for visualizing return distributions for a basic
form of cash/equity allocations. This “percentile fan” framework can help clarify some of the …

The share market has long been renowned for its volatility. Wyckoff (1922/2010, page 2054)
and Graham (1949/1973) may have been the first to recognize the human element behind …

Shipping container asset-backed securities (ABS) face the challenges presented by a
volatile industry, often-strained lessees, and asset supply and demand risks. However …

Academics have argued for decades about whether markets are efficient. This has been a
great waste of intellectual resources with no discernible reason other than to funnel research …