Author Archives: Marius Kilian

Chasing the heat gets you burned

Chasing the heat gets you burned Fund flows are explained by short-term recent performance. There is a near perfect correlation between a fund’s recent performance and the flow of assets. A fund with strong recent performance, typically experiences strong inflows. Conversely, when performance was poor it suffers outflows. This is evident in a vast body…

The Great Resignation

The Deeper Meaning and Implications of “The Great Resignation” By November 2021 nearly 5 million Americans had left their jobs. Clearly a broad-based global shift in mindset is underway which has affected how we think about life and what we value. People are questioning fundamental assumptions and they are re-evaluating what truly matters most to…