Mark and Ashley meet Nobel Laureate Robert Merton
On 23 October, Mark and Ashley attended the Dimensional Applied Conference at the Mandarin Oriental in Hong Kong. The day’s agenda was full of topical sessions which support the underpinnings of MASECO Asia’s investment philosophy. One of the featured speakers was Dimensional’s Resident Scientist Robert Merton, who talked about how investment success is achieved, in part, by avoiding fundamental errors. Merton was awarded the 1997 Alfred Noble Memorial Prize in Economic Sciences for his contribution to the methodology to help determine the value of derivatives, the Black-Scholes-Merton Model.