Quote:If you have followed AVF, you will know the screening process starts with a quant model, with about 10,000 stock initially, then added-value with a qualitative process on the shortlisted stocks. I have chosen to refer it as quantitative.
I have known lesser on Yeoman Capital, but base on the limited knowledge on Mr. Yeo's fund, the selection process isn't depend on quant model, but the 3-Rights criteria. I have chosen to refer it as qualitative.
If Yeoman applies the 3-rights criteria on 10000 stocks, isn't that the same?
Teh Hooi Ling used to run quant models in BT invest during her times in BT but I think it was mainly to illustrate that even a blind quantitative analysis was still rather good. I doubt she would use the same technique for her portfolio. It just needs slightly more effort to pick out the better ones from the list.
I really doubt the 3-Rights criteria, can be effectively done by a quant model on the 10,000 stocks. The modelling is challenging
I don't have insider info, but I reckon Ms. Teh will re-used the existing AVF quant model, probably with fine-tuning. She can add value on the shortlist later, and make a difference.
(08-10-2014, 05:15 PM)CityFarmer Wrote: I don't have insider info, but I reckon Ms. Teh will re-used the existing AVF quant model, probably with fine-tuning. She can add value on the shortlist later, and make a difference.
(08-10-2014, 04:40 PM)yeokiwi Wrote: Teh Hooi Ling used to run quant models in BT invest during her times in BT but I think it was mainly to illustrate that even a blind quantitative analysis was still rather good. I doubt she would use the same technique for her portfolio. It just needs slightly more effort to pick out the better ones from the list.
I respectfully have a slightly different perspective. More often than not one has to be very careful NOT to actually detract value from a purely mechanical process (see http://www.rhhsmath.ca/courses/mdm4u/blink.pdf)
(08-10-2014, 05:15 PM)CityFarmer Wrote: I don't have insider info, but I reckon Ms. Teh will re-used the existing AVF quant model, probably with fine-tuning. She can add value on the shortlist later, and make a difference.
(08-10-2014, 04:40 PM)yeokiwi Wrote: Teh Hooi Ling used to run quant models in BT invest during her times in BT but I think it was mainly to illustrate that even a blind quantitative analysis was still rather good. I doubt she would use the same technique for her portfolio. It just needs slightly more effort to pick out the better ones from the list.
I respectfully have a slightly different perspective. More often than not one has to be very careful NOT to actually detract value from a purely mechanical process (see http://www.rhhsmath.ca/courses/mdm4u/blink.pdf)
(08-10-2014, 09:15 PM)CityFarmer Wrote: Thanks for the sharing, interesting article.
You are most welcome. If you enjoyed the article, you should take a look at this one as well (see http://gestaltu.blogspot.sg/2010/03/enemy-is-us.html) especially the part where rats outperform ivy league students
Launch of Hooi Ling's latest book - Show Me the Money - Sound Principles to Grow your Wealth.
Date : Nov 1, 2014 (Saturday)
Time : 11.30 am
Venue: SMU Festival Pavillion,SMU Campus Green
Order of programme:
11.30 am MC will introduce the book , author
11.35 am The author will be invited to come up on stage to say a few words.
11.50am Followed by a short Q & A ,
12.10pm Book signing (STPress will provide light snacks/ drinks)
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