RT Journal Article
SR Electronic
T1 Practical Applications of Timing Poorly: <em>A Guide to Generating Poor Returns While Investing in Successful Strategies</em>
JF Practical Applications
FD Institutional Investor Journals
SP 1
OP 4
DO 10.3905/pa.2016.3.4.155
VO 3
IS 4
A1 Jason Hsu
A1 Brett W. Myers
A1 Ryan Whitby
A1 Barbara J. Mack
YR 2016
UL https://pm-research.com/content/3/4/1.12.abstract
AB Timing Poorly: A Guide to Generating Poor Returns While Investing in Successful Strategies Jason Hsu Brett W Myers Ryan Whitby The causes and persistence of the value premium remain a mystery to finance researchers. Do the actions of small, na?ve individual investors provide the premiums for more-sophisticated investors? Even when the value premium has been notably high, the average value investor in mutual funds has done worse than a buy-and-hold investor in an S&amp;P 500 Index fund.In Timing Poorly: A Guide to Generating Poor Returns While Investing in Successful Strategies , Jason Hsu of Rayliant Global Advisers , Brett W. Myers of Texas Tech University and Ryan Whitby of Utah State University study the allocations and timing decisions of less-sophisticated investors and find that small investors may be giving up value to the benefit of larger, more-sophisticated investors. The authors conclude that financial education is needed to help less-sophisticated investors capture the value in their value investments.TOPICS: VAR and use of alternative risk measures of trading risk, portfolio theory