Understanding the market: why passive investing is probably the best choice for the average investor

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Introduction It seems reasonable to assume that most retail investors share a common objective: to maximize long-term wealth while taking on as little uncompensated risk as possible. The prevailing consensus claims that for the vast majority of individuals, the optimal strategy is to buy and hold low-cost, broad-market Exchange Traded Funds (ETFs). Until recently, I … Read more

About singular value decomposition

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Sources The concepts and notation used in this post are inspired from the following sources, which I encourage the reader to check out: Basic definitions Linear maps A linear map is a function that preserves the zero vector, vector addition and scalar multiplication between vector spaces. Geometrically, straight lines through the origin stay straight and … Read more