Vitamin D: Harvesting the Diversification Premium Through Prudent Leverage


In our latest Insight piece, we explore the parallels between the poker table and the world of investing by studying the nuances of risk and uncertainty. Authors Scott Smith (Managing Partner) and Ben Reeves (Manager, Data Science & Engineering) demonstrate how utilizing a Risk Parity strategy can help investors embrace uncertainty and derive more stable investment outcomes.

What We Can Learn from Poker About Investment Management

Investing and poker have a lot in common. Both involve a balance of known and unknown information, and both involve updating probabilities when new information is presented. One might suggest investing is slightly trickier than poker given that the “rules” of the game can adapt over time, but at a high level both share a…

Against the Gods: The Remarkable Story of Risk

Viewpoint Investment Partners Managing Partner, Scott Smith, has recently finished the book Against the Gods: The Remarkable Story of Risk by Peter Bernstein. For those interested in the historical underpinnings of probability and the measurement of risk, this book is a captivating read. Traversing from quantifying the probability of certain numbers appearing in a dice…