Events

Events Calendar

Sep
10
Mon
Denver Chapter Meeting featuring Wes Gray, PhD @ Spaces Denver - Ballpark
Sep 10 @ 4:30 pm – 6:00 pm

The Denver Chapter of the CMT Association invites you to our meeting on Monday, September 10, 2018.  We are pleased to have Wesley Gray, PhD, Founder of Alpha Architect as our guest speaker for this event.

We encourage you to bring clients and colleagues interested in technical analysis to this presentation.  We look forward to seeing you there!  Space is limited, please register as soon as possible.
Jason Meshnick, CMT
Louis Llanes, CFA, CMT
Denver Chapter Chairs


TOPIC
Factor Investing is Simple; But Not Easy

We cannot overemphasize that identifying sustainable alpha in the market is no cakewalk. More importantly, being smart, having superior stock-picking skills, or amassing an army of PhDs to crunch data is only half of the equation. Even with those tools, you are still only one shark in a tank filled with other sharks. All sharks are smart, all sharks have a MBA or PhD from a fancy school, and all the sharks know how to analyze a company. Maintaining an edge in these shark-infested waters is no small feat, and one that only a handful of investors has accomplished.

Perhaps all the edge in investing is gone. There are too many CFAs. There are too many computers. There are too many quant PhDs. Is active investing dead? Many authors, such as Charlie Ellis, have suggested that active investing is a “Loser’s game,” in the sense that there are too many smart people chasing too few ideas.

But there is a paradox. If investors are getting smarter and faster, how can edge continue? And how can open secrets work? Mispricing should be eliminated on the spot — correct? A deeper look into the question suggests that being smarter and being faster doesn’t always make prices more efficient. There’s a lot more to the story.

So what is the story? We still aren’t sure, and we are always learning. Our best working theory is that there are two components that drive sustainable success for active investors:
1) A keen understanding of human psychology, and
2) A thorough grasp of “smart money” incentives.

LOCATION
Spaces Denver – Ballpark
2301 Blake Street
Denver, CO 80205

REGISTRATION
$10.00 for members
$25.00 for non-members
Note:
In order to cover costs, we have to begin charging for meetings.
We will try to keep fees as low as possible and will bring you value in the form of interesting content and networking opportunities.
We will reevaluate periodically.

Sep
10
Mon
Denver Chapter Meeting featuring Wes Gray, PhD @ Spaces Denver - Ballpark
Sep 10 @ 4:30 pm – 6:00 pm

The Denver Chapter of the CMT Association invites you to our meeting on Monday, September 10, 2018.  We are pleased to have Wesley Gray, PhD, Founder of Alpha Architect as our guest speaker for this event.

We encourage you to bring clients and colleagues interested in technical analysis to this presentation.  We look forward to seeing you there!  Space is limited, please register as soon as possible.
Jason Meshnick, CMT
Louis Llanes, CFA, CMT
Denver Chapter Chairs


TOPIC
Factor Investing is Simple; But Not Easy

We cannot overemphasize that identifying sustainable alpha in the market is no cakewalk. More importantly, being smart, having superior stock-picking skills, or amassing an army of PhDs to crunch data is only half of the equation. Even with those tools, you are still only one shark in a tank filled with other sharks. All sharks are smart, all sharks have a MBA or PhD from a fancy school, and all the sharks know how to analyze a company. Maintaining an edge in these shark-infested waters is no small feat, and one that only a handful of investors has accomplished.

Perhaps all the edge in investing is gone. There are too many CFAs. There are too many computers. There are too many quant PhDs. Is active investing dead? Many authors, such as Charlie Ellis, have suggested that active investing is a “Loser’s game,” in the sense that there are too many smart people chasing too few ideas.

But there is a paradox. If investors are getting smarter and faster, how can edge continue? And how can open secrets work? Mispricing should be eliminated on the spot — correct? A deeper look into the question suggests that being smarter and being faster doesn’t always make prices more efficient. There’s a lot more to the story.

So what is the story? We still aren’t sure, and we are always learning. Our best working theory is that there are two components that drive sustainable success for active investors:
1) A keen understanding of human psychology, and
2) A thorough grasp of “smart money” incentives.

LOCATION
Spaces Denver – Ballpark
2301 Blake Street
Denver, CO 80205

REGISTRATION
$10.00 for members
$25.00 for non-members
Note:
In order to cover costs, we have to begin charging for meetings.
We will try to keep fees as low as possible and will bring you value in the form of interesting content and networking opportunities.
We will reevaluate periodically.