Research & News

Asset Dedication Wins Award for Research on Long Term Investing

The Investment & Wealth Institute awarded Asset Dedication’s Stephen J. Huxley, Ph.D. and Brent Burns, MBA, the 2019 Journal Research Award for their paper “Safety Zones, Danger Zones, and the Critical Path:  Visualizing U.S. Asset Class Returns Based on Time Horizons, Size, and Style,” published in the Retirement Management Journal, Vol. 7, No. 1 (2018).  The paper included an analysis not only of long-term return patterns, it also outlined the unique dedicated portfolio pioneered by Asset Dedication for personal finance as outlined in our book.  The award will be given at the IWI conference in Las Vegas, May 5-7, 2019.   Click here to read the paper. >>

Daniel Kahneman: Minimize Investors’ Regrets by Splitting Portfolios

A recent article in ThinkAdvisor chronicles a discussion with Daniel Kahneman (Nobel Memorial Prize in Economic Science, 2002) at the MorningStar Investment Conference in Chicago (June 11-13, 2018) about the need to find strategies that will minimize investors’ regrets.  He theorized, based on Prospect Theory, that investors would be more comfortable with portfolios that consisted of two distinct parts: one for stable investments, the other for riskier investments. Probably without realizing it, Dr. Kahneman was advocating for dedicated portfolio theory as applied to personal finance. Click here to read our reflection >>

Dedicated Portfolio Theory versus Modern Portfolio Theory

In this article, published in the NAPFA ADVISOR magazine (April, 2018), Asset Dedication’s Stephen J. Huxley, Ph.D. and Brent Burns discuss how dedicated portfolio theory challenges modern portfolio theory.  Daniel Kahneman, Nobel Memorial Prize in Economic Science, 2002, essentially advocated for the dedicated approach to personal investing in his discussion at the 2018 MorningStar Conference in Chicago.  This is the strategy pioneered by Asset Dedication for personal finance as outlined in our bookClick here to read the article>>.