by admin | Jun 30, 2009 | GIPS
Okay, I’ll comment on both:Madoff – 150 years is the right sentence. The max is what this man deserves given what he did to many faithful and trusting friends and investors. Even his wife and sons have (rightly) turned their backs on this man. It’s...
by admin | Jun 30, 2009 | GIPS, overlays, software
When I was in grad school in the mid ’70s I had a few courses that dealt with ergonomics (the man-machine interface or connection). We learned how much of what we see and use, from chairs, to doors, to bathtubs, and even toilets, are designed for the “90...
by admin | Jun 29, 2009 | After-tax, GIPS
The GIPS EC (Executive Committee) has proposed to eliminate after-tax standards from GIPS(R). This is understandable given that (a) there are two country-specific versions (the U.S. and Italy), (b) GIPS is a global standard and there is a desire not to have any...
by admin | Jun 26, 2009 | risk
I gave a talk on Wednesday for a software vendor on the topic risk-adjusted performance measures and began, as I often do, by mentioning Peter Dietz’s statements regarding this subject in his 1966 thesis. He pointed out how risk and return should be linked, but...
by admin | Jun 24, 2009 | GIPS
The GIPS(R) standards don’t have any wiggle room. While there may be other rules or standards where materiality can come into play, it isn’t the case with GIPS. Firms state that they comply in their presentation materials and don’t qualify, waffle or...
