Lala Ragimov, Artist Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Mark and Mark Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Early sketch of Journey to Tradeless Nirvana Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Add the people Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
more texture Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
add colors of risk capacity Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
finishing touches Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
lookin' good Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Thank goodness I can get this out of my living room! Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
"I love this painting." Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Can you take it now? Please. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Journey to Tradeless Nirvana Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Let's hang it. Our previous office. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Dow down 30, Gov. Arrested, Big 3 Bailout? Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Michelle is happy. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
How are we going to hang this thing? Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
New suite on the ground floor. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The IFA Lounge. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Sketch of the model. Copyright © 2009 Index Funds Advisors, Inc. All rights reserved.
price = expected return / uncertainty Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Early sketch of Market Forces Copyright © 2009 Index Funds Advisors, Inc. All rights reserved.
Early sketch of Market Forces, with labels Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
sketch without people Copyright © 2009 Index Funds Advisors, Inc. All rights reserved.
Add icons of indexing
Sharpe, Samuelson, Markowitz and Bogle
Final strokes of paint. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
An artist at work. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Each price change creates a return and returns form a bell shaped curve over time, tied to the risk of the investment. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Index Portfolio 50 monthly returns. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Watching the grass grow. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Watching the grass grow. Investors need patience. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Stay the Course Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Hall of IFA Art. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Cork board in Seminar room. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Hall of art Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Tradeless Nirvana Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
I refuse to trade. NYSE Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
I refuse to trade. Tokyo Stock Exchange Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Finding tradeless nirvana in a Japanese zen garden. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Tradeless Nirvana in a Japanese moss garden. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Tradeless Nirvana with Sai Baba, the Holy Man. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Needle in the Haystack Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
A original 1973 edition of Random Walk Down Wall Street. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Nobel Laureates Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Risk Capacity Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Cowboy'n Up Shown for comparison to Step 10 Painting Copyright Pat Roberts
Great book. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The Invisible Hand Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Sad Uncle Sam He doesn't get as much taxes from indexers. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Who should you trust? Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Who Should You Trust? Academics or Wall Street? Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The Speculation Blues www.speculationblues.com Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Spec Blues with Mark
Active vs Passive Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
A Devastating Conclusion. Luck rather than skill. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Right out of Random Walk. Could a blindfolded monkey... Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The Really Big Casino Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
... Don't Take a Slice of My Pie - Pink Floyd, "Money" 1973 Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Devouring the News Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The Rebalancing Act Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The Active Management Shell Game Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Active Mangement Shell Game Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Market Timer Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Wall Street: The Really Big Casino Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Wisdom of Markets Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Time Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Income Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Knowledge Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Net Worth Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Risk Capacity: Attitude Toward Risk Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Step 10: Risk Capacity. Cowboyin' it up. Bonze by Pat Roberts.
Stocks in a box. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The mutual fund grave yard. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Mutual Fund Grave Yard with a black bird. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Copyright © 2011 Index Funds Advisors, Inc. All rights reserved. by Lala Ragimov
The Goddess Fortuna Copyright © 2011 Index Funds Advisors, Inc. All rights reserved. by Lala Ragimov
Dividing up the investor returns. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved. by Lala Ragimov
Why look for the needle in the hay stack? Copyright © 2011 Index Funds Advisors, Inc. All rights reserved. by Lala Ragimov
Johann Carl Friedrich Gauss (1777–1855) Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Benchmark your portfolio. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Can you find the top 20 days in 10 years? Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Pick your Manager. Good luck with that. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Tie Yourself to the Mast Copyright © 2009 Index Funds Advisors, Inc. All rights reserved.
The Siren Songs of Active Management Investors need to tie themselves to the mast. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Resist the Temptations - Tie Me to the Mast - Sirens of Active Management - Tie Yourself to the Mast - The Financial Media
The Sirens of Speculation Resist the Temptations - Tie Me to the Mast - Sirens of Active Management - Tie Yourself to the Mast - The Financial Media
November 2007
December 2007
Jan 2008
Feb 2008
March 2008
April 2008
May 2008
March 9, 2009
The Siren Songs of Speculation Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Bather's Cove, Lake Arrowhead, CA by Tony Geary
Outsmarted by Randomness Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Dawn of Randomness Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Diversification. Island where one side has rain and one has sunshine. Different products for each side. Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
http://www.getty.edu/art/gettyguide/artObjectDetails?artobj=943 Found at a flea market and purchased for a modest sum by an anonymous buyer, the unwrapped, seven-foot Allegory of Fortune was strapped to the roof of a car and brought to Christie's auction house in New York City. There experts recognized it as an important, long-lost allegorical scene by the Ferrarese master Dosso Dossi. While the painting's precise meaning remains a mystery, Dosso's message seems to be that prosperity in life is transitory and dependent on luck. The nude woman represents Fortune, or Lady Luck. She holds a cornucopia, flaunting the bounty that she could bring, but sits on a bubble because her favors are often fleeting. The billowing drapery is a reminder that she is changeable like the wind. Her single shoe symbolizes her ability to bring not only fortune but also misfortune.
sketch Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
add color Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The Winds of Fortune Chance and Fortune Fleeting Fortune The man on the left personifies chance. He looks over at Fortune and holds up a stock chart ( in the original it is a stack of lottery tickets), which he is about to place a buy online, or place the lottery tickets inside a golden urn, a timely reference to the civic lotteries that had just become popular in Italy. The tickets may also refer to the painting's probable patron, Isabella d'Este, Marchioness of Mantua. One of her emblems was a bundle of lots, denoting her personal experience with fluctuating fortune. Copyright © 2010 Index Funds Advisors, Inc. All rights reserved.
IFA Billboard (final) Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Diversification (final) Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Market Risk Stock Market vs 30 d T-Bills Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Market Risk Total Stock Market vs 30-day T-Bills Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Size Risk Large Companies vs Small Companies Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Value Risk Factor High Book-to-Market minus Low Book-to-Market Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Term Risk Factor for Fixed Income Long Term Treasuries vs 30-d T-Bills Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Default Risk Factor for Fixed Income Long Term Corporates vs Long Term Governments Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
The start of 5 new oil paintings. These will be the 5 Dimensions of Risk Exposure as identified by Fama and French.
Glide Path Investing
Glide Path Investing Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Baked in the Cake Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Baked in the Cake (final) Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Tax Loss Harvester Copyright © 2011 Index Funds Advisors, Inc. All rights reserved.
Harry
Sky
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Asset Location
Lala Ragimov Self Portrait
Lala Ragimov, Artist Self Portrait Copyright © 2010 Index Funds Advisors, Inc. All rights reserved.
Copyright © 2010 Index Funds Advisors, Inc. All rights reserved.
Front Door. Come on in and sit a spell. Copyright © 2009 Index Funds Advisors, Inc. All rights reserved.
TheCollectiveBrain
