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Best Practices

Best Practices

Learn About Risk and the Markets

By taming the market’s chaos and readjusting risks based on changes in volatility, advisors can use volatility as a friend rather than a destroyer of returns and dramatically change outcomes for their clients, while adding a degree of stability to their practices. Learn how you can safeguard returns, improve client relations by increasing trust and financial literacy.

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Diversification Can Be Divine. Risk Management Makes It Sublime

We’ve seen that correlations can and do spike during times of crisis, leaving investors over-exposed to risks they thought they had diversified away. These authors share our belief that traditional portfolio management approaches, particularly diversification between stocks and bonds, no longer truly protects investors.

The Indomitable Investor: Why a few Succeed in the Stock Market When Everyone Else Fails, Steven M. Sears

book titled the Indomitable Investor offering advice from advisors for advisors
A new approach to investing based on how Wall Street insiders approach the market. The Indomitable Investor deconstructs the stock market as the public has come to know it and reconstitutes it from the inside out from the perspective of the fortunate few who dominate Wall Street. By revealing how top investors and traders think and act Steven Sears shows the stock market to be an undulating ocean of money, with seasoned investors reading the waves others cannot.

Against the Gods: The Remarkable Story of Risk

book titled Against the Gods
In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today.

Thinking, Fast and Slow

book titled Thinking Fast and Slow
In the international bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation―each of these can be understood only by knowing how the two systems shape our judgments and decisions.

Tail Risk Hedging

book about how to use investment portfolio management tools for tail risk hedging
TAIL RISKS" originate from the failure of mean reversion and the idealized bell curve of asset returns, which assumes that highly probable outcomes occur near the centre of the curve and that unlikely occurrences, good and bad, happen rarely, if at all, at either "tail" of the curve. Ever since the global financial crisis, protecting investments against these severe tail events has become a priority for investors and money managers, but it is something Vineer Bhansali and his team at PIMCO have been doing for over a decade. In one of the first comprehensive and rigorous books ever written on tail risk hedging, he lays out a systematic approach to protecting portfolios from, and potentially benefiting from, rare yet severe market outcomes.

Fooled by Randomness

book titled Fooled by Randomness
This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives.

Predictably Irrational

book titled Irrational Predictability
In this newly revised and expanded edition of the groundbreaking New York Times bestseller, Dan Ariely refutes the common assumption that we behave in fundamentally rational ways. From drinking coffee to losing weight, from buying a car to choosing a romantic partner, we consistently overpay, underestimate, and procrastinate. Yet these misguided behaviors are neither random nor senseless. They're systematic and predictable—making us predictably irrational.
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