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2022 AICPA & CIMA ENGAGE

PFP2208 - What To Do When a Strategy Performs Poorly


Jun 6, 2022 2:00pm ‐ Jun 6, 2022 3:15pm


Standard: $49.00

Description

In recent years, US stocks have far outperformed international stocks and growth stocks have far outperformed value stocks. That has led many to question the benefits of diversification and ask what they should do when an investment strategy performs poorly. This session covers how practitioners should respond when a strategy performs poorly.

Learning Objectives:
  • Recall the dangers of "resulting", or judging a strategy's quality by the outcome without considering what alternative universes might have shown up.
  • Recognize the importance of avoiding the mistakes of recency bias and relativism.
  • Identify what is required for a prudent investment strategy based on evidence, not opinions.

Speaker(s):

  • Kevin Grogan, CFA, CFP, Managing Director, Investment Strategy, Buckingham Wealth Partners

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