Author Archives: Frank Sortino

About Frank Sortino

Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.

Sage Advice

You expect things to go badly And they don’t That you call good luck You expect things to go well And they don’t That you call bad luck Because you lack an understanding of uncertainty You put your trust in … Continue reading

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Sortino & Forsey Give Away

This is the last vestige of the software we have developed over the last half-century. To download the Sortino-Metrics Software click on the link below: https://drive.google.com/open?id=1j-lL2Y33dqHFBLdXfvNuKHZXtPvV7RxM Right click on the Sortino-Matrix folder. A window will open. Click on Download.  The … Continue reading

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It Has Gotten Worse

In the previous posting we called attention to the call for 40% fixed, 60% equity in July.  What does a 60/40 allocation look like as of Jan 1? It now projects 20% more downside risk than upside potential if only … Continue reading

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The Roller Coaster Market Ain’t Over

                                      Where did PMPT say we were in July 2018? The graph below shows the effect of increasing equity above 60% (left graph).  The upside potential ratio for the active portfolio with a 6.2% allocation to VGT, the Vanguard Growth … Continue reading

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UPDATE

  I have now sold my stock in Tesla at a ridiculous profit.  Still have the car and love it!   It has been a long time since my last posting on Elon Musk.  Since then I have bought a … Continue reading

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On Embracing Complexity

Recently deceased scientist, Stephen Hawking, said to a graduating class, “The next century [21st] will be the century of complexity” and encouraged them to embrace it.  Yes, we should not fear it, but embrace it by gaining knowledge of a … Continue reading

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Who Knew?

  Figure 1   Who knew last November that the market would crash in February? That was the beginning of the Trump rally which just collapsed (Figure 1). In June of last year Kal Salama and I posted an article … Continue reading

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