2006 Fall Seminar

PRESENTING THE “ALL STARS” OF INVESTMENT STRATEGIES



Bacara Resort & Spa,
Santa Barbara, California
October 15 – October 18, 2006



note: Underline indicates available link. Click on link to download paper.

Sunday, October 15
5:00 pm – 7:00 pm RECEPTION AND BUFFET DINNER
7:00 pm – 7:15 pm
WORDS OF WELCOME
James L. Farrell, Jr., Chairman of The Q Group and Managing Director, Farrell Investments

Monday, October 16

7:30 am – 9:00 am CONTINENTAL BREAKFAST
9:00 am – 10:15 am
MARKET EQUILIBRIUM IN A NON-CAPM WORLD

Paper Slides


Market Efficiency: A Theoretical Distinction and So What?(Figures: 1 2 3 4 5),
and Financial Market Simulation in the 21st Century

Speaker: Harry M. Markowitz, Nobel Laureate and President, Harry Markowitz Company

10:15 am – 10:45 am COFFEE BREAK
10:45 am – 12:00 pm
EQUILIBRIUM SIMULATION – Slides – Audio

Speaker: William F. Sharpe, Nobel Laureate and Professor Emeritus, Stanford University

12:00 pm – 3:30 pm LUNCHEON AND PERSON-TO-PERSON CONFERENCES
3:30 pm – 4:45 pm
ATTRIBUTION: A UNIFIED, PORTFOLIO BASED APPROACH

Slides

also Optimal Gearing

Speaker: Ronald N. Kahn, Barclays Global Investors



FLIRTING WITH DANGER: OPTIMIZING LEVERAGE AND SHORTING

Slides

Speaker: Richard Grinold, Barclays Global Investors



4:45 pm – 5:15 pm COFFEE BREAK
5:15 pm – 6:30 pm CAPITAL ALLOCATION

Slides

Speaker: Stewart C. Myers, Girdon Y.Billard Professor of Finance, MIT Sloan School of Management



7:00 pm
40TH ANNIVERSARY BANQUET
SINKING GLOBALIZATION: WHAT COULD GO WRONG?


Speaker: Niall Ferguson, Laurence A. Tisch Professor of History, Harvard University

Tuesday, October 17

7:30 am – 8:45 am CONTINENTAL BREAKFAST
8:45 am – 10:00 am

ON THE IMPLICATIONS OF MODERN RISK MANAGEMENT FOR EQUITY AND CREDIT ANALYSIS

Slides

also You Have More Capital Than You Think

Speaker: Robert C. Merton, Nobel

You Have More Capital Than You Think Lauerate and Professor, Harvard Business School

10:00 am – 10:30 am COFFEE BREAK
10:30 am – 11:45 am
A SPECULATOR’S LOOK AT RISK MANAGEMENT

Slides

Speaker: Myron S. Scholes, Nobel Laureate and Managing Partner, Oak Hill Platinum Partners



11:45 am – 12:15 pm LUNCHEON AND PERSON-TO-PERSON CONFERENCES
4:00 pm – 5:15 pm
You Have More Capital Than You Think


Speaker: Peter L.Bernstein, President, Peter L. Bernstein, Inc.



5:15 pm – 5:45 pm COFFEE BREAK
5:45 pm – 7:00 pm
WHAT’S NEW IN BEHAVIORAL ECONOMICS AND FINANCE?

Slides

Speaker: Richard H. Thaler, Professor of Behavioral Science and Economics, University of Chicago


7:00 pm WINE TASTING RECEPTION AND DINNER

Wednesday, October 18

7:00 am – 8:00 am CONTINENTAL BREAKFAST
8:00 am – 9:15 am
WILL THE PHILLIPS CURVE CAUSE WORLD WAR III?

Slides

Speaker: Jack L. Treynor,President, Treynor Capital Management Inc.



9:15 am – 9:45 am COFFEE BREAK
9:45 am – 11:00 am
THE FRANCHISE CYCLE

Slides

Speaker: Martin L. Leibowitz, Managing Director, Morgan Stanley



11:00 am ADJOURNMENT



THE NEXT SEMINAR WILL BE HELD ON MARCH 25-28, 2007
JOIN US AT THE CLOISTER, ST. SIMONS ISLAND, GEORGIA


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