Author Page for Richard O. Michaud

1.

The Markowitz Optimization Enigma: Is 'Optimized' Optimal?

Financial Analysts Journal, 1989

Number of pages: 12 Posted: 31 Jan 2014 Last Revised: 01 Apr 2018

Richard O. Michaud

New Frontier Advisors

Downloads 1,305 (13,717)

Citation 52

Abstract:

2.

Estimation Error and Portfolio Optimization: A Resampling Solution

Number of pages: 25 Posted: 10 Sep 2015 Last Revised: 29 Sep 2015

Richard O. Michaud and Robert Michaud

New Frontier Advisors and Independent

Downloads 592 (42,556)

Citation 2

Abstract:

3.

Deconstructing Black-Litterman: How to Get the Portfolio You Already Knew You Wanted

Number of pages: 21 Posted: 10 Aug 2015 Last Revised: 29 Sep 2015

Richard O. Michaud, David Esch and Robert Michaud

New Frontier Advisors, New Frontier Advisors and Independent

Downloads 448 (60,652)

Abstract:

4.

Gold as a Strategic Asset

World Gold Council, 10 Old Bailey, London EC4M 7NG, UK, 2006

Number of pages: 32 Posted: 07 Mar 2014

Richard O. Michaud, Robert Michaud and Katharine Pulvermacher

New Frontier Advisors, Independent and World Gold Council

Downloads 277 (105,084)

Citation 2

Abstract:

5.

Estimation Error and the Fundamental Law of Active Management

Number of pages: 17 Posted: 04 Sep 2016 Last Revised: 15 Nov 2017

Richard O. Michaud, David Esch and Robert Michaud

New Frontier Advisors, Independent and Independent

Downloads 275 (105,901)

Abstract:

6.

Morningstar vs. Michaud Optimization

Number of pages: 10 Posted: 08 Mar 2014

Richard O. Michaud and David Esch

New Frontier Advisors and Independent

Downloads 209 (139,573)

Abstract:

7.

An Introduction to Resampled Efficiency

New Frontier Advisors’ Newsletter 3rd quarter, 2002

Number of pages: 6 Posted: 08 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 145 (192,764)

Abstract:

8.

Twenty Years of International Equity Investing

Journal of Portfolio Management, Vol. 23, No. 1, 1996

Number of pages: 16 Posted: 09 Feb 2014

Richard O. Michaud, Gary L. Bergstrom, Ronald Frashure and Brian Wolahan

New Frontier Advisors, Acadian Asset Management, Acadian Asset Management and Acadian Asset Management

Downloads 129 (211,736)

Citation 5

Abstract:

9.

Portfolio Resampling: Review and Critique

Financial Analysts Journal, Vol. 3, 2003

Number of pages: 3 Posted: 08 Mar 2014

Richard O. Michaud and Robert Michaud

New Frontier Advisors and Independent

Downloads 116 (229,370)

Abstract:

10.

Risk Policy and Long-Term Investment

Downloads 100 (254,679)

Citation 3

2

Risk Policy and Long-Term Investment

Journal of Financial and Quantitative Analysis (JFQA), Vol. XVI, No. 2, 1981

Number of pages: 22 Posted: 09 Feb 2014

Richard O. Michaud

New Frontier Advisors

Downloads 57 (356,367)

Citation 3

Abstract:

Risk Policy and Long-Term Investment

Journal of Financial and Quantitative Analysis (JFQA), Vol. XVI, No. 2, 1981

Number of pages: 22 Posted: 29 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 43 (404,450)

Citation 3

Abstract:

11.

Comment on 'Markowitz versus Michaud: Portfolio Optimization Strategies Reconsidered,' Becker, Gürtler and Hibbeln, European Journal of Finance, 21(4): 2015

Number of pages: 4 Posted: 26 Jun 2015

Richard O. Michaud, Robert Michaud and David Esch

New Frontier Advisors, Independent and New Frontier Advisors

Downloads 93 (267,020)

Abstract:

12.

Are Long-Short Equity Strategies Superior?

Financial Analysts Journal, Vol. 49, No. 6, 1993

Number of pages: 6 Posted: 09 Feb 2014

Richard O. Michaud

New Frontier Advisors

Downloads 93 (267,020)

Citation 3

Abstract:

13.

An Examination of Resampled Portfolio Efficiency: A Comment

Financial Analysts Journal, Vol. 1, 2003

Number of pages: 3 Posted: 07 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 80 (292,998)

Citation 1

Abstract:

14.

Portfolio Monitoring in Theory and Practice

Number of pages: 20 Posted: 10 Sep 2015 Last Revised: 29 Sep 2015

Richard O. Michaud, David Esch and Robert Michaud

New Frontier Advisors, New Frontier Advisors and Independent

Downloads 66 (326,478)

Abstract:

15.

A Scenario-Dependent Dividend Discount Model: Bridging the Gap between Top-Down Investment Information and Bottom-Up Forecasts

Downloads 66 (326,478)

2

A Scenario-Dependent Dividend Discount Model: Bridging the Gap between Top-Down Investment Information and Bottom-Up Forecasts

Financial Analysts Journal, 1985

Number of pages: 13 Posted: 09 Feb 2014

Richard O. Michaud

New Frontier Advisors

Downloads 52 (372,652)

Abstract:

A Scenario-Dependent Dividend Discount Model: Bridging the Gap between Top-Down Investment Information and Bottom-Up Forecasts

Financial Analysts Journal, Nov/Dec 1985

Number of pages: 13 Posted: 06 Feb 2014 Last Revised: 04 Apr 2014

Richard O. Michaud

New Frontier Advisors

Downloads 14 (555,489)

Abstract:

16.

A Practical Framework for Portfolio Choice

Number of pages: 23 Posted: 11 Sep 2015 Last Revised: 29 Sep 2015

Richard O. Michaud

New Frontier Advisors

Downloads 59 (345,323)

Citation 4

Abstract:

17.

Resampled Portfolio Rebalancing and Monitoring

New Frontier Advisors’ Newsletter 4th quarter, 2002

Number of pages: 5 Posted: 08 Mar 2014

Robert Michaud and Richard O. Michaud

Independent and New Frontier Advisors

Downloads 59 (345,323)

Abstract:

18.

Demystifying Multiple Valuation Models

Financial Analysts Journal, Jan/Feb 1990

Number of pages: 4 Posted: 06 Feb 2014

Richard O. Michaud

New Frontier Advisors

Downloads 53 (363,570)

Abstract:

19.

Reply to 'Reply to 'Comment on 'Markowitz Versus Michaud: Portfolio Optimization Strategies Reconsidered'''

Number of pages: 4 Posted: 20 Apr 2017

Richard O. Michaud, Robert Michaud and David Esch

New Frontier Advisors, Independent and Independent

Downloads 41 (403,871)

Abstract:

20.

Currency Hedging Policy

Number of pages: 4 Posted: 30 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 41 (403,871)

Abstract:

21.

When Michaud Optimization Fails

Number of pages: 10 Posted: 19 Jan 2018

Richard O. Michaud and David Esch

New Frontier Advisors and New Frontier Advisors

Downloads 39 (411,414)

Abstract:

22.

The Problem with Target Date Funds

Investment News, May 2010

Number of pages: 3 Posted: 28 Mar 2014

Richard O. Michaud and Robert Michaud

New Frontier Advisors and Independent

Downloads 33 (435,460)

Abstract:

23.

Valuation Model Bias and the Scale Structure of Dividend Discount Returns

Journal of Finance, Vol. 37, No. 2, 1982

Number of pages: 13 Posted: 09 Feb 2014 Last Revised: 31 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 33 (435,460)

Citation 1

Abstract:

24.

Are Good Estimates Enough? No

Investment Management Consultants Association, 2009

Number of pages: 4 Posted: 09 Feb 2014

Richard O. Michaud and Robert Michaud

New Frontier Advisors and Independent

Downloads 33 (435,460)

Abstract:

25.

Pension Policy and Benchmark Optimization

Downloads 32 (439,772)

2

Pension Policy and Benchmark Optimization

1989 Investment Management Review 3(8): 25-30

Number of pages: 7 Posted: 09 Feb 2014

Richard O. Michaud

New Frontier Advisors

Downloads 23 (499,546)

Abstract:

Pension Policy and Benchmark Optimization

Investment Management Review, 1988

Number of pages: 7 Posted: 29 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 9 (587,080)

Abstract:

26.

Pension Fund Financial Planning

Downloads 31 (444,157)

2

Pension Fund Financial Planning

The Institute for Quantitative Research in Finance, 1976

Number of pages: 76 Posted: 29 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 23 (499,546)

Abstract:

Pension Fund Financial Planning

Paper Presented to: The Institute for Quantitative Research in Finance May 2-5, 1976 Scottsdale, Arizona

Number of pages: 76 Posted: 29 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 8 (593,434)

Abstract:

27.

Is Value Multidemensional? Implications for Style Management and Global Stock Selection

Journal of Investing, 1998

Number of pages: 6 Posted: 07 Feb 2014

Richard O. Michaud

New Frontier Advisors

Downloads 30 (448,862)

Citation 3

Abstract:

28.

Investment Styles, Market Anomalies, and Global Stock Selection

The Research Foundation of the Institute of Chartered Financial Analysts, January 1999

Number of pages: 30 Posted: 07 Mar 2014 Last Revised: 25 Mar 2015

Richard O. Michaud

New Frontier Advisors

Downloads 29 (453,435)

Abstract:

29.

JOIM Conference Series: Dr. Harry M. Markowitz Interview with Dr. Richard O. Michaud, San Diego, March 6, 2011 Conference Summaries

Journal of Investment Management, Vol. 9, No. 4, (2011), pp. 1-9

Number of pages: 9 Posted: 06 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 26 (468,293)

Abstract:

30.

Out-Of Sample Tests of Resampled Efficiency

European Pensions and Investment News, June 25, 2001

Number of pages: 4 Posted: 08 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 23 (484,269)

Abstract:

31.

Risk and Compound Return

Seminar on the Analysis of Security Prices, May 13-14, 1976

Number of pages: 46 Posted: 29 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 19 (506,556)

Abstract:

32.

A New Design for Portfolios

Bloomberg Personal Finance Magazine, July/August 2000

Number of pages: 2 Posted: 08 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 17 (517,706)

Abstract:

33.

Economic Surplus and Pension Asset Management

Number of pages: 7 Posted: 30 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 15 (528,764)

Abstract:

34.

Forecast from the Past

Financial Planning, November 1999

Number of pages: 4 Posted: 29 Mar 2014

Richard O. Michaud and C. Carty

New Frontier Advisors and New Millenium Advisors, LLC

Downloads 15 (528,764)

Abstract:

35.

A Better Way to Use Information

European Pensions & Investment News, July 9, 2001

Number of pages: 5 Posted: 08 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 13 (540,147)

Abstract:

36.

Comment On: 'The Road Not Taken' by Craig W. French Journal of Investment Management, Vol 14, No. 4, 2016

Forthcoming in Journal of Investment Management 3rd Quarter 2017

Number of pages: 3 Posted: 25 Sep 2017

Richard O. Michaud

New Frontier Advisors

Downloads 12 (545,827)

Abstract:

37.

The Actuarial Interest Rate as an Investment Objective

Bache, 1979

Number of pages: 3 Posted: 29 Mar 2014

Richard O. Michaud

New Frontier Advisors

Downloads 10 (557,203)

Abstract:

38.

Best Rotated Approximation

Number of pages: 37 Posted: 12 Jul 2017

Richard O. Michaud

New Frontier Advisors

Downloads 9 (562,951)

Richard O. Michaud

New Frontier Advisors

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Scholarly Papers (38)

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Other Papers (1)

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