Lessons
- Alpha, beta and R²: is the edge real? Lesson 1, 7 minutes
- Investor philosophies as rules you can test Lesson 2, 7 minutes
- Alternatives and buffers: the promise and the price Lesson 3, 7 minutes
- Back-testing honestly: windows, survivors, hindsight Lesson 4, 7 minutes
- Capstone: build, benchmark and defend a portfolio Lesson 5, 8 minutes
Your progress
Finish all 5 lessons and get 2 of 3 right on each quiz to earn the course certificate.0 of 5 lessons passed on this device.
What you learn
- Beta, alpha, R-squared and the t-stat: what a fund earned beyond its risk, and whether chance could explain it
- How an investor's belief becomes a rule with a number, a line and a band, and why seats disagree
- Judging a buffer or hedged-equity fund on its stated promise, its own window, and what the protection cost
- Why a back-test depends on its window, its survivors and when the rule was chosen
- Building a mix, matching its benchmark, finding what drove the gap and arguing against your own result