About a month ago I was lucky enough to be a guest on the Resolve Riffs Podcast. For those that saw it, near the end we discussed the idea of creating a list of “courses” outlining the lessons described on the blog (for those that didn’t see the podcast, here is a link).
Adam Butler reached out to me about a week before, recommending I create a set of easily accessible “courses”, or groupings of key posts about portfolio construction, to educate those who are new to these ideas. I thought it was a great idea, and quickly put together an outline. After going back and forth on how to present the lessons, I went for the simple approach, sticking within the theme of the blog. I added a link in the top menu, or you can just go here.
The Courses
The University doesn’t cover every post on the blog. Many of the spicier takes aren’t in here, like my thoughts on momentum. The courses are meant to cover the essential concepts about how randomness effects portfolio construction, and how you can take advantage of this randomness to improve returns and control risk. The final course deals with ergodicity and its applications beyond portfolio construction, to big picture finance puzzles and challenges in our ever day lives.
The Foundation: Understanding the Geometric Return
Course 2: Portfolio Construction to Maximize Compound Growth
Course 3: The Power of Rebalancing
Course 4: The Geometric Frontier and the Consequences of Errors
Course 5: Ergodicity
If you’re already a reader of the blog, there isn’t anything “new” exactly in the University. However, sometimes a different organization is “new” enough to provide a meaningful benefit. I personally still love starting at the beginning and progressing forward for the full experience, however for someone who is seeking the essence of the ideas, or just a dive into a subset of them, these courses provide a great resource.
I will be adding posts to each course when new ones fit. In creating these courses, it has also become clear there are a couple of “gaps” which I need to fill. So look for those shortly.
If you’re wondering about grades at our university, they will be provided by the markets over the rest of your life. Good luck and study hard.