Victor Haghani has spent 35 years actively involved in markets and financial innovation. He started his career at Salomon Brothers in 1984, and became one of the youngest Managing Directors working in the bond arbitrage group made famous by Michael Lewis’ book Liar’s Poker. In 1993, Victor became a founding partner of Long-Term Capital Management. His participation in the failure of LTCM in 1998 was a seminal experience that led him to question and revise much of the way he thought about markets and investing.
Victor founded Elm Partners in 2011 to help investors make better financial decisions and to manage their savings with an emphasis on efficiency and diversification in order to capture the long term returns they ought to earn.
Victor is a regular speaker in classrooms and seminars at universities such as Columbia, University of Pennsylvania and Cornell, at financial firms such as Citi and Brevan Howard, and at investing events.
Some of Wall Street's biggest hedge funds are licking their wounds after last week's short squeeze, with losses drawing comparisons with the collapse of Long Term Capital Management twenty years ago. One of LTCM's founding partners, Victor Haghani, now founder and CIO at Elm Funds, says there was no systemic risk from the Reddit-lead short squeeze. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Victor Haghani uses the puzzle of the missing billionaires to help us explore how and why most investors fail to capture the returns offered by the market. He puts forward a simple but powerful solution for those who aren't satisfied with the status quo: it's called "Active Index Investing." This approach combines the best features of low-cost index funds with the appealing and successful aspects of active management, all for 1/10th the price that many investors currently pay. (filmed at TEDx St Paul's School for Boys, London) Victor Haghani has spent nearly 30 years actively involved in markets and financial innovation. He started his career in 1984 in bond portfolio analysis research at Salomon Brothers, and later became a managing director in the bond arbitrage group run by John Meriwether. In 1993 Victor became a founding partner of Long-Term Capital Management. His participation in the failure of LTCM was a...
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“Making better decisions is not a zero-sum game. Sound financial decision-making, consistent with your individual preferences, will not only increase your and your family's expected happiness, but will dramatically increase the welfare of our entire society.”
"Nearly 100% financial market commentary is dedicated to the question of what to buy or sell, so it's reasonable to suppose that the “What” decision is the most important thing we should be thinking about. But consider this: if you pick bad investments but do a good job sizing them, you should expect to lose money, but your losses won't be ruinous. You'll be able to regroup and invest another day. However, if you pick great investments but own way too much of them, you can easily go broke from the normal ups and downs while waiting for things to pan out."