Denver Money Manager

Robert Grey AIF®, Aaron Grey CFP® & Joel Martin - Financial Advisors

 

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Educational Resources

Videos | Articles | Past Newsletters | Industry Links | Suggested Reading


Videos


 
The Current Aftershock
March 2011
Length: 4:12

Descprtion
Using an illustrated timeline, David Booth chronicles US stock market performance in four periods since World War II. His review suggests prevailing market sentiment is often wrong and that investors must stay disciplined through all market environments to pursue their long-term goals.




9News Your Show
January 2011
Length: 11:31


Description
Aaron and Robert Grey of Denver Money Manager, LLC answer viewer questions about financial planning with Adam Schrager on Your Show.




Dimensional Stories
January 2010
Eight Chapters
Full Length: 25:00

Description
The people of Dimensional Fund Advisors reflect on the values, events and decisions that defined the firm and inspired a better way to invest around the world.



The New Financial Realities
December 2009
Description
A Video Series featuring Eleanor Blayney, Certified Financial Planning Board's Consumer Advocate.



Behavioral Biases and Investment Implications
September 2009
Length: 23:54

Description
Research indicates that humans are not naturally wired for prudent, long-term investing. Scott Bosworth describes common forms of behavioral bias and discusses how these biases influence investment decision making. He also explains how knowledge and discipline can help investors control their instincts for a better investment outcome.


Government Intervention and Stock Returns
July 2009
Length: 5:57

Description
Should equity investors be alarmed by the prospect of greater government intervention in the US economy? Weston Wellington looks at examples of US intervention in the past and examines the record of stock returns around the world over the last thirty-nine years.



Retirement, Risk and Return
June 2009
Length: 7:15

Description
David Booth, CEO of Dimensional Fund Advisors, discusses the importance of balancing volatility risk and purchasing power risk when investing for retirement.


Dimensional Thinkers: Eugene F. Fama
Date: September 2003
2003-09- 9
Length: 22:08

Description
Professor Fama discusses the origins of his interest in economics, the origins of Dimensional, his thirty-year career at the University of Chicago, and what has changed and remained the same in the economic world during that time.



Dimensional Thinkers: Kenneth R. French
September 2003
Length: 26:45

Description
As the Head of Investment Policy, Professor French splits his time between the trading floors of Dimensional and the lecture halls of Dartmouth. In this interview, he discusses the evolution of Dimensional's trading system and the role of tax management, patient trading, momentum and the ideas of behavioral finance.



Nobel Thinkers: Theory, Practice, and Implementation
July 2007
Length: 26:19

Description
This short documentary compares the work and ideas of five recipients of the Nobel Prize in Economics. A brief history of their theories and experiences culminates in a host of insights for today's investors.



 

The Fama and French Video Forum:
Did Diversification Fail When We Needed it Most?
Ken French: Investors may doubt the usefulness of diversification after the recent market decline. I explain that diversification cannot reduce the volatility of the overall market, but it is still important because it reduces the risk associated with individual firms or asset classes. I also discuss the perception that correlations between assets rise when market volatility is high.
Dollar Cost Averaging
Ken French: Does it make sense to dollar cost average? It depends. Standard financial analysis says dollar cost averaging is suboptimal. If you focus on only your investment outcome, investing a lump sum immediately lets you construct the best portfolio you can today; slowing the process with dollar cost averaging just keeps you in something other than your best portfolio until you are done. Behavioral finance provides a different perspective. Because of the difference between the way people react to errors of omission and errors of commission, dollar cost averaging may give investors a better expected investment experience.
Identifying Superior Managers
Ken French:  Although it would be great if we could all hire above average active managers, that only happens in Lake Wobegon. Superior managers may exist, but most investors might as well be picking their managers at random. I describe the challenge of differentiating luck from skill, and explain how intense competition among investors makes the problem even more difficult.
The Future of Markets
Eugene Fama: Last month, I sat down with Dean Edward Snyder and an audience at the Chicago Booth Management Conference. We discussed common questions on the efficient markets hypothesis, the credit crisis, and the business of business schools. There's also an audience Q&A toward the end of the video.
Is This a Good Time for Active Investing?
Ken French: I explain why active investing is always a negative sum game. We often hear that now is a good time (or a bad time) for active investing. That does not make sense. In aggregate, active investors always underperform by their fees and expenses.
More Seller than Buyers?
Ken French: What does it mean to say there is a flight to quality? For every seller there must be a buyer. After exploring this simple point, I explain how expectations about future cashflows and future returns affect the current price.


Weston Wellington
The most recent series of videos from our partners at Dimensional Fund Advisors (DFA) includes an examination of capital markets, the effects of recession and government policy on stock prices, how the current market stacks up to previous downturns, and the reasons why Dimensional's core beliefs have not changed in light of these events.
Part 1:  Our Approach to Managing Money Under Adverse Business Conditions
Part 2:  How Do Recession Affect Stock Prices?
Part 3:  Why Didn't We See This Problem Coming?
Part 4: How Do Recent Stock Market Returns Compare with Previous Downturns?
Part 5:  Is Nationalization a Threat to the Free Enterprise System?
Part 6:  What Should Investors Do Now?



Your Show
Rob Grey appeared on Denver's 9NEWS frequently during the recent Credit Crisis.  In addition to various interviews with Gregg Moss, Rob sat down with Adam Schrager for a segment of Your Show to take viewer's questions and discuss Congress' efforts to stabilize the economy.
Rob Grey on Your Show



Much investment literature seems made for appealing to prurient interests. Magazines that proclaim "We've found the next Microsoft" try to entice readers into thinking they can easily get rich quick. But what do the results behind the headlines say? And how do they compare to less glamorous concepts like diversification and discipline?  Find out in this entertaining series produced by Dimensional Fund Advisors, our largest mutual fund partner.

If you enjoy this presentation, check out the Articles section of our website for Weston Wellington's three part series published in Advisor's Edge.

Big Tease Part 1: Financial Press
Big Tease Part 2: The Virtues of Forecasting


The fee-only financial advisor has an inherently close relationship to each client. The advisor's decision process is driven solely by the best interests of the client. By keeping clients disciplined and diversified, the advisor sets up a successful investment experience.

Asset Class Investing Part 1
Asset Class Investing Part 2


Fama and French's multifactor model is a powerful tool for portfolio analysis. It provides a method for comparing funds based strictly on past returns. Because it uses only performance data, the model can provide a clear and accurate picture of risk exposure and determine if a fund is adhering to its objectives.

Factors of Returns Part 1
Factors of Returns Part 2


     

     

                        


This information is intended for the use of the clients of Denver Money Manager. The opinions, and commentary are intended for information purposes only, and do not constitute an inducement to buy or sell any securities mentioned. Robert Grey, Aaron Grey, Will Snider, friends, family, & employees may have positions in the securities mentioned on this website.