Financial Columnists as Investment Advisers: After Lowe and Carpenter

The 120 best financial advisers for doctors.

Carpenter Stern School of Business Financial Theory

There is a finite time horizon [0, T ], a probability space (Ω,F ,P), and a filtration F = {Ft}t=0 satisfying the usual conditions, with F0 = {∅,Ω} and FT = F . Each ω ∈ Ω represents a complete description of what happens from time 0 to T . Each A ∈ Ft represents an event distinguishable at time t, i.e., you know whether or not ω ∈ A at time t. The measure P is the subjective probability measur...

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Financial Simulation and Investment Expectations

Financial Simulation and Investment Expectations

Executive summary Future investment returns are uncertain; no reliable means to foresee them exists. However, institutions and individuals making financial decisions need an approach to model the range of possible future returns. Any approach requires two fundamental ingredients: • First, long-term historical returns must be examined to determine the attributes and interrelationships that chara...