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Next Boston QWAFAFEW Meeting: July 20, 2021, 7:00PM ET

July 20, 2021 @ 7:00 pm - 8:00 pm

| Free
A QWAFAFEW discussion led by,

Jarrod Wilcox, PhD



While seeking practical tools for resilient investors, a myopic ability for single-period decisions to reflect outcomes at multiple time horizons without dynamic programming is developed.  It captures tail risk, and, with multiple overlapping observations compounded at different frequencies, captures time-series properties as well.  These benefits rely on pairing multi-level representation of utility probability distribution with the use of Rubinstein utility, logarithmic in investor surplus.  Other tools demonstrated for practical use include top-down hierarchical cluster analysis to provide qualitative information, simplified shrinkage of observed return means, but not covariances or higher moments, and better measures of potential tail risk.  Resulting asset allocation examples drawn from 28 mutual funds and ETFs vary by investor risk aversion, by degree of anticipation of different regime, and by whether they consider short, longer, or multiple time horizons.  For single-horizon problems, the resilient methods appear most helpful to conservative investors or to those who trade infrequently.  In contrast, multiple time horizons appear potentially helpful to all investors.

Down load here:


Jarrod Wilcox is President of Wealthmate, Inc., developing open-source software.  Prior to his retirement as an active investment advisor through Wilcox Investment, Inc in 2019, he served in a variety of investment roles at Batterymarch Financial Management, Colonial Management Associates, and Panagora Asset Management.  Before that, he was a management consultant with the Boston Consulting Group and earlier a member of the faculty at MIT’s Sloan School of Management.  His most recent articles deal with asset allocation systems and discretionary wealth financial planning.  He is a CFA and was educated at the Massachusetts Institute of Technology, with S.B., M.S. and Ph.D. degrees in Management.

*** We will be meeting at the Tennis & Racquet Club in August, a hybrid format, Zoom and the T&R Bar!



Time: 7:00 PM sharpe
Registration is required. Register in advance for this meeting here:


After registering, you will receive a confirmation email containing information about joining the meeting.

This event will be streamed on Zoom and recorded and made available on YouTube.  By registering you consent to this.

Boston QWAFAFEW Mailing List:


Steerage Committee:
Hugh Crowther
Dan diBartolomeo
Mike Dunn
Steve Gaudette
Sri Krishnamurthy
Mark Kritzman
John Minahan
Donna Cool Murphy
Larry Pohlman
Dan Potter
Dan Rie
Evan Schulman
Michael Schwartzman
Michael Wilcox

The members of the Steerage Committee are responsible for coordinating the program content.

Program suggestions from members are always welcome.


July 20, 2021
7:00 pm - 8:00 pm