Episode 023 - Building Better Benchmarks
Benchmarks as a concept are wonderful and help people, regardless of their endeavor, evaluate their performance. In turn, this helps them get better, as well as to deliver better outcomes. But in investing we would argue that benchmarks have gone astray, and that they warp performance and obscure just as much about performance as they reveal. What can be done?
In our next episode of From the Research Chair we will discuss:
1. Problems with the Style Box
2. Benchmark Tail Wags the PM Dog
3. Passive Management is Not Passive
4. Building better benchmarks
Michael Falk, CFA, CRC and Jason A. Voss, CFA host From the Research Chair, a twice monthly show designed to help your team's improve their investment philosophy, process, and execution.