Category: Research Paper

Investment skill in selling decisions Inalytics co-authored academic paper, Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors, uncovered the alpha destroying trend of poor selling made by fund managers. An additional insight of the paper was that selling decisions made after earnings announcements were significantly better than when taken randomly. In…

Separating luck from skill It is often thought that Napoleon said “Give me lucky generals” implying that he didn’t mind being lucky if it meant that he still won the battle. In fact, Napoleon was almost certainly misquoted. It is more likely he was quoting Cardinal Mazarin, who noted that one must not ask of…

Exploring the Behavioural Biases of Institutional Investors Are elite fund managers subject to the same behavioural biases as retail investors? If so which decisions are most affected? Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors is an academic paper that explores these questions. The paper uses data from the Inalytics Peer…