ARTICLES

Option Equivalence

A few days ago I had an inquiry from a person trading options in a restricted account (e.g. an IRA that did not allow marginable trades or short options positions): “I have an IRA in which I trade options.  I wanted to sell a put, but my broker won’t allow the sale of puts in…

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How a Fund is Developed

Many individuals are curious as to the testing process for a new fund.  With the plethora of funds continually being developed, having some insight into this process can be helpful for investors.  At the very least, it can provide a series of questions which should be asked in conducting due diligence on fund managers. This…

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How to Think about Financial Models

Checking the weather? Guess what—you’re using a model. While models can be useful for gaining insights that can help us make good decisions, they are inherently incomplete simplifications of reality. In investing, factor models have been a frequent topic of discussion. Often marketed as smart beta strategies, these products are based on underlying models with…

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