ReSolve's 12 days of Investment Wisdom

ReSolve's 12 days of Investment Wisdom
Welcome to ReSolve Asset Management’s 12 days of investment wisdom mini-series where we explore, from first principles, timeless investment wisdom that will help you maximize your long-term success and possibly change the way you approach the complex arena of investing altogether. From universe selection to portfolio construction, our aim is to offer you a comprehensive framework for a more thoughtful investment approach, to benefit yourself and your clients.

12 - Putting 11 days of Wisdom to work through a Multi-Asset Momentum Case Study
Dec 21, 2018 • 22 min
The team has spent the last 11 episodes discussing the importance of asset allocation; the role of systematic “factor” tilts like momentum, value and trend; and how portfolio optimization can act as a force multiplier on long-term performance….
11 – How to Juice as Much Value as Possible from Trend Following - The Cheapest Factor Out There Today
Dec 21, 2018 • 20 min
In our second-to-last episode, ReSolve’s newest partner Jason Russell is joining us to share his wisdom on one of the most misunderstood strategies out there. While many investors are aware of the solid returns a simple trend following approach can…
10: How Thoughtful Portfolio Optimization Techniques can be a Total Game Changer for Portfolio Results
Dec 21, 2018 • 33 min
The Lords of finance have somehow convinced investors that “simple” always beats “complex” in markets. But this is rubbish. The fact is that every portfolio formation – even the so-called ‘passive portfolio’ - expresses very active…
9 – What It Means to be a True Systematic Manager and How to Spot the Lemons in your Lineup
Dec 21, 2018 • 30 min
So far, we have been discussing a variety of ways to build portfolios and harvest returns, but we haven’t really addressed a fundamental aspect of how we think about portfolio construction. Even though most of us like to think that we will rise to…
8 –Why Financial Professionals and their Clients Need to Get Comfortable with Being Uncomfortable in the Coming Decade
Dec 17, 2018 • 21 min
Some of the ideas discussed in the last few episodes may raise a few eye-brows, as they force advisors and investors to venture outside of their comfort zones. But consider the alternative. At current valuation levels, US equities and bonds are…
7 – How to think about your Alternative Sleeve in the Context of Getting the Most Bang for your Buck
Dec 17, 2018 • 23 min
And on the 7th day, the Meta Portfolio was created. After analyzing the many sources of return across major global asset classes, we now focus on how to implement different strategies and the most thoughtful way of putting those pieces together. When…
6 – Factor Investing and the Pitfalls of Poor Strategy Construction
Dec 17, 2018 • 22 min
While we have played defense with concepts such as equal risk contribution, which help avoid big losses and mitigate sequence of returns risk, it’s time to play some offense. As we seek to compound our portfolios in the highest possible number of…
5 –The Impact of Sequence of Returns Risk and How to Minimize it
Dec 17, 2018 • 17 min
After creating a theoretical framework with an almost obsessive focus on diversification and risk-adjusted returns, we bring you case studies of global asset classes throughout history that will demonstrate the importance of not depending on (often…
4 – Pushing the Diversification Frontier with True Factor Investing
Dec 10, 2018 • 23 min
On our fourth day, we add yet another layer of diversity onto our building blocks. While diversity across global asset-classes is a useful first step, there are other aspects of the portfolio construction and rebalancing processes that can push the…
3 – The Two Fundamental Drivers that Determine All Economic Regimes
Dec 10, 2018 • 22 min
Now that we have established an ideal investment arena and the benefits of maximizing portfolio diversity, we can use these building blocks to dig a little deeper into the fundamental reasons why global asset classes are able to provide significant…
2 – What True Diversification Really Is and How to Maximize it
Dec 10, 2018 • 21 min
In episode one we described an investment arena that is likely to provide the best long-term opportunities. On this second day, we lay out the case for giving as much (or more) credence to portfolio diversification opportunities as is given to a…
1 – The Most Crucial First Question: Asset-Allocation or Security Selection?
Dec 9, 2018 • 18 min
On the first day of this series, we answer a pivotal question that every investor should ask themselves before embarking on their investment journey: where should you dedicate most of your energy and focus, asset allocation or security selection? We…