Mac Murray

Archive for the ‘INTELLIGENT Investor’ Category

Cybernetic Trading Systems

In DEEP Investing, INTELLIGENT Investor on January 4, 2011 at 2:59 PM


“Cybernetics was defined by Wiener as ‘the science of control and communication, in the animal and the machine’—in a word, as the art of steermanship.”

–W. Ross Ashby


CYBERNETIC TRADE CONTROL SYSTEMS

Cybernetics embodies a multi-discipline theoretical framework which focuses on goal-directed systems.  These systems use information, models, and control actions to steer towards and maintain a predefined objective while attempting to counteract anything which detracts from this objective.

Perhaps the most fundamental innovation of cybernetics is its explanation of purposiveness, or goal-directed behavior.

Cybernetics and Fund Management

“Goal-directed behavior” is particularly critical in the world of investment management. Read the rest of this entry »

The ASEAN Trading Link Revolution is Coming

In INTELLIGENT Investor, PSE CURRENT Affairs on January 1, 2011 at 3:49 PM

ASEAN Trading Link countries: Singapore, Thailand, Malaysia, Indonesia, Vietnam and the Philippines

The long-awaited ASEAN Trading Link may do more to stimulate both investment in the Philippines and Filipino investing than any other current development.

According to the PSE Info Matrix a Memorandum of Understanding was signed earlier in the year between the exchanges of the Philippines, Malaysia, Singapore, Indonesia and Thailand. Within twelve months, investors based in any of these countries will be able to buy stocks on the index of any participating ASEAN exchange, just as easily as purchasing at their home exchange. Read the rest of this entry »

Vanguard’s Quant Disaster

In INTELLIGENT Investor on May 5, 2010 at 11:02 AM

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John Bogle help us.

Vanguard Group Inc., the largest U.S. provider of stock and bond funds, is deciding whether to keep Axa Rosenberg Group as manager for about $1.5 billion of its assets, after that firm said a “coding error” disrupted its quantitative investment process.

“We’re taking a very hard look at that relationship, but we’re still in fact-finding mode,” Rebecca Katz, a spokeswoman for Valley Forge, Pennsylvania-based Vanguard, said in a telephone interview. Read the rest of this entry »

Client Confidentiality and Non-Disclosure

In INTELLIGENT Investor, RISK Management on March 22, 2010 at 11:33 AM

INVEST PHILIPPINES strives to provide excellence in professional service to its clients.

The purpose of collecting data from clients is in order to provide professional fiduciary services.

E. M. Murray observes a strict code of ethics and maintains a policy of strict confidentiality of all personal data submitted by clients whether by mail, email, fax or through information provided via consultation. Read the rest of this entry »

Mobius on Emerging Markets

In EMERGING Markets, INTELLIGENT Investor, Investment GIANTS on January 1, 2010 at 9:31 PM

Mark Mobius, of Franklin Templeton, keynote speaker at the 9th Asia-Pacific Investment C0nference, October 2009 in Manila.

Nick Leeson, Rogue Trader Who Destroyed Barings Bank

In INTELLIGENT Investor, RISK Management, ROGUE trader on December 31, 2009 at 1:40 PM

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E. M. Murray. Customized Stock Portfolios. Professional Management. Fixed Downside Risk.

Hedge fund manager Michael Steinhardt Interview

In INTELLIGENT Investor, Investment GIANTS on December 31, 2009 at 12:57 PM

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E. M. Murray. Customized Portfolios. Professional Management. Fixed Downside Risk.

Interview with Hedge Fund Giant Julian Robertson, Part 2

In INTELLIGENT Investor, Investment GIANTS on December 31, 2009 at 12:53 PM

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Interview with Hedge Fund Giant Julian Robertson, Part 1

In INTELLIGENT Investor, Investment GIANTS on December 31, 2009 at 12:53 PM

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See Interview with Hedge Fund Giant Julian Robertson, Part Two

E. M. Murray. Customized Portfolios. Professional Management. Fixed Downside Risk.

Nassim Taleb attacks VaR in Congress

In DEEP Investing, INTELLIGENT Investor on December 24, 2009 at 6:38 AM

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