Back to the Future: Conventional Investing in a Complex World
32 Pages Posted: 10 Aug 2011
Date Written: January 1, 2010
In the wake of market volatility, many investors may feel a desire to change their approach and be more "nimble" or "opportunistic" in their pursuit of investment goals. In this paper, Robert Maynard, Chief Investment Officer for the Public Employee Retirement System of Idaho and Brandes Institute Advisory Board member, cautions investors who are thinking about abandoning traditional investment plans. He advocates policies that are simple, transparent, and focused rather than adopting increasingly popular "alternative" tactics such as illiquid instruments and vehicles, leverage, and complex, opaque investment strategies.
Keywords: Brandes, Brandes Institute, value investing, institutional investors, investment strategy
JEL Classification: G10, G11, G14
Suggested Citation: Suggested Citation