James White

Elm Partners

1630 Willow View Drive

PO Box 1417

Wilson, WY 83014

SCHOLARLY PAPERS

32

DOWNLOADS
Rank 6,980

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Top 6,980

in Total Papers Downloads

10,824

SSRN CITATIONS

4

CROSSREF CITATIONS

2

Scholarly Papers (32)

1.

What's Past is Not Prologue

Number of pages: 5 Posted: 08 Aug 2018
Elm Partners, Elm Partners and Elm Partners
Downloads 1,962 (14,066)

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Decision Making under Uncertainty, Risk, Utility, Risk Aversion, Coin Flip, Heuristics, Rules of Thumb, Market Timing, Gambling, Betting, Manager Selection, Sharpe Ratio, Mutual Funds, Data Mining

2.

The Equity Risk Premium: A Novel Perspective on the Past Fifty Years

Number of pages: 4 Posted: 23 Mar 2020
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 1,348 (24,976)
Citation 2

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stock market, historical returns, COVID-19, coronavirus, equities, expected returns, CAPE, long-term investing

3.

What Our Market Return Forecasts Really Mean: Convexity in Equity Returns and its Implications for Investment Sizing

Number of pages: 8 Posted: 10 Feb 2017 Last Revised: 06 Sep 2019
Victor Haghani and James White
Elm Partners and Elm Partners
Downloads 1,082 (34,361)

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Decision Making under Uncertainty, Risk, Utility, Risk Aversion, Kelly, Coin Flip, Heuristics, Rules of Thumb, Market Timing, Gambling, Betting, CRRA

4.

A Sharper Lens for Sizing Up Nickels and Steamrollers

Number of pages: 3 Posted: 23 Nov 2016 Last Revised: 08 Aug 2018
Victor Haghani and James White
Elm Partners and Elm Partners
Downloads 991 (38,916)

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Decision Making under Uncertainty, Risk, Uncertainty, Utility, Risk Aversion, Kelly, Coin Flip, Heuristics, Rules of Thumb, Behavioral Finance, Market Timing, Gamblers Fallacy, St. Petersburg Paradox, Gambling, Betting, CRRA

5.

When (If Ever) Has it Paid to Wait for a Stock Market Correction?

Number of pages: 3 Posted: 26 Sep 2017
Victor Haghani and James White
Elm Partners and Elm Partners
Downloads 921 (43,160)

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Decision Making under Uncertainty, Risk, Utility, Risk Aversion, Coin Flip, Heuristics, Rules of Thumb, Market Timing, Gambling, Betting, Manager Selection, Sharpe Ratio, Mutual Funds, Data Mining, Conditional Return

6.

A Brief History of Sharpe Ratio, and Beyond

Number of pages: 3 Posted: 13 Dec 2017 Last Revised: 16 Dec 2017
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 863 (47,160)

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Decision Making under Uncertainty, Risk, Utility, Risk Aversion, Coin Flip, Heuristics, Rules of Thumb, Market Timing, Gambling, Betting, Manager Selection, Sharpe Ratio, Mutual Funds, Data Mining

7.

Man Doth Not Invest by Earnings Yield Alone

Number of pages: 16 Posted: 09 Feb 2022 Last Revised: 14 Feb 2022
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 463 (104,892)

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Earnings yield, expected earnings, market timing, cyclically adjusted price earnings, Sharpe ratio

8.

Dynamic Asset Allocation Based on Valuation and Momentum Applied to a Global All-Equity Portfolio

Number of pages: 5 Posted: 29 Apr 2020
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 352 (143,142)

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All-Equity, Valuation and Momentum, Asset Allocation, Global Finance

9.

George Costanza at it Again: The Leveraged ETF Episode

Number of pages: 5 Posted: 09 Jun 2020
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 318 (159,631)

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ETFs, SPXS, SPXL, leveraged ETFs

10.

Basic Portfolio Construction and Expected Utility

Number of pages: 4 Posted: 23 Nov 2016 Last Revised: 23 May 2017
James White
Elm Partners
Downloads 204 (247,662)

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11.

No Place to Hide: Investing in a World With No Risk-Free Asset

Number of pages: 4 Posted: 13 Aug 2021 Last Revised: 18 Oct 2021
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 200 (252,324)

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safe assets, market risk, risk-free assets, equities, real estate, commodities, crypto-currencies

12.

When it Pays to Pay Capital Gains

Number of pages: 2 Posted: 06 Apr 2019
Victor Haghani, Larry Hilibrand and James White
Elm Partners, Independent and Elm Partners
Downloads 176 (282,632)
Citation 2

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Tax Efficiency, Capital Gains, Tax Harvesting, Risk, Utility, Risk Aversion, Heuristics, Portfolio Selection, Lifetime Portfolio Selection, Saving and Spending

13.

Negative Interest Rates and the Perpetuity Paradox

Number of pages: 6 Posted: 01 Jan 2020
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 173 (286,918)
Citation 2

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negative interest rates, long-term loans, perpetual loans, perpetuity

14.

The Treasury Bill Risk Premium: Why T-Bills Are About as Risky as Stocks in the Long Term

Number of pages: 4 Posted: 10 Jun 2020
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 165 (298,631)

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annuity, net worth, lump sum wealth, T-Bills, S&P 500, real annuity value

15.

Practical Utility, Risk Aversion, and Investment Sizing

Number of pages: 12 Posted: 10 Nov 2016 Last Revised: 05 Dec 2016
James White
Elm Partners
Downloads 134 (353,673)

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16.

The Most Important Number Not Printed in the WSJ

Number of pages: 2 Posted: 16 Oct 2018 Last Revised: 10 Jul 2019
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 119 (386,491)

Abstract:

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Decision Making Under Uncertainty, Risk, Utility, Risk Aversion, Coin Flip, Heuristics, Rules of Thumb, Market Timing, Gambling, Betting, Manager Selection, Sharpe Ratio, Mutual Funds, Data Mining, Conditional Return

17.

A Penny Saved Is Two Pennies Earned

Number of pages: 2 Posted: 03 May 2018 Last Revised: 10 Jul 2019
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 118 (388,896)

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Decision Making under Uncertainty, Risk, Utility, Risk Aversion, Coin Flip, Heuristics, Rules of Thumb, Market Timing, Gambling, Betting, Manager Selection, Sharpe Ratio, Mutual Funds, Data Mining, Fees

18.

Spending Like You'll Live Forever

Number of pages: 10 Posted: 09 Apr 2021 Last Revised: 13 Aug 2021
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 111 (406,503)

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endowment, spending, yale endowment, long-term investing, endowment spending, endowment investment

19.

Golf Guru Scott Fawcett Will Make You a Better Golfer, and a Better Investor Too

Number of pages: 7 Posted: 18 Nov 2021
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 110 (409,231)

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scott fawcett, pga, golf, strokes gained, decade system, investing, decision making, utility, uncertainty

20.

Steadfast, Greedy, or Fearful? Strategies for Responding to Extreme Market Volatility

Number of pages: 6 Posted: 03 Jun 2020
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 103 (428,722)

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market volatility, March 2020, coronavirus, COVID-19, expected returns, expected risk

21.

Who is the Biggest Investor in the Stock Market, and Why Should You Care?

Number of pages: 5 Posted: 14 Dec 2020 Last Revised: 06 Apr 2021
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 99 (440,620)

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capital gains tax, cgt, stocks, equities, us treasury, asset allocation, expected welfare

22.

A Closer Look at 'Cut Your Losses Early; Let Your Profits Run'

Number of pages: 4 Posted: 27 Aug 2023
James White, Vladimir Ragulin and Victor Haghani
Elm Partners, Elm Partners and Elm Partners
Downloads 94 (455,803)

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Cut losses early, Let profits run, Risk and return, expected returns, fund management, investment management

23.

On Forecasting

Number of pages: 3 Posted: 20 May 2017
James White
Elm Partners
Downloads 93 (459,011)

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24.

To Realize, or Not to Realize? Capital Gains Tax and Portfolio Choice

Number of pages: 7 Posted: 14 Dec 2020
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 91 (465,391)

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capital gains tax, cgt, tax horizons, portfolio value, tax calculator, realizations, realized gains, unrealized gains

25.

The Annuity Puzzle: How Big is the Free Lunch Being Left on the Table?

Number of pages: 4 Posted: 10 Jul 2019
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 89 (471,844)

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savings crisis, market inefficiency, expected utility, zero-fee annuity, longevity risk, long-term savings, self-managed savings

26.

Mind the Gap: Inequality and Diversification

Number of pages: 6 Posted: 01 Jan 2020
Elm Partners, Elm Partners and Elm Partners
Downloads 86 (481,928)

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wealth inequality, diversification, Concentrated Asset Betting

27.

A Sheep in Wolf's Clothing

Number of pages: 2 Posted: 02 Dec 2022
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 85 (485,472)

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investments, risk, risk management, investment risk, market risk, local currency

28.

There’s No Place Like Home: The Case For and Against Extreme Home Bias in Equity Investing

Number of pages: 6 Posted: 11 Nov 2019
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 83 (492,374)

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home bias, equity markets, US investments, foreign investing

29.

If George Costanza Were a Hedge Fund Manager

Number of pages: 4 Posted: 27 Jan 2019 Last Revised: 11 Jul 2019
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 82 (496,021)

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30.

Home Biased: A Case for More Indexing

Number of pages: 2 Posted: 11 Nov 2019
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 70 (542,752)

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home bias, index investing, global markets, supply and demand, macro investing

31.

Measuring the Fabric of Felicity

Number of pages: 4 Posted: 11 Oct 2018 Last Revised: 10 Jul 2019
James White and Victor Haghani
Elm Partners and Elm Partners
Downloads 39 (705,861)

Abstract:

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Decision Making under Uncertainty, Risk, Utility, Risk Aversion, Coin Flip, Heuristics, Rules of Thumb, Portfolio Selection, Lifetime Portfolio Selection, Saving and Spending

32.

Smart Beta: The Good, the Bad and the Muddy

Journal of Portfolio Management, Vol. 46, No. 4, 2020, https://jpm.pm-research.com/content/46/4/11
Posted: 17 Jul 2019 Last Revised: 03 Nov 2020
James White and Victor Haghani
Elm Partners and Elm Partners

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smart beta, factor investing, market inefficiencies, efficient-market hypothesis