“A computer does not substitute for judgment any more than a pencil substitutes for literacy. But writing without a pencil is no particular advantage.” – Robert McNamara. The Journal of Portfolio Management (JPM*) is one of the more upscale investment management publications around. For $500 a year, you get four issues, nicely bound like oversize paperbacks, without any advertising. It’s a crossover between rigorous academic publications, like the Journal of Finance, and trade magazines, like Wall Street & Technology, that have shorter staff-written articles and lots of ads. On significant anniversaries, JPM assembles special issues with invited pieces from both academics and practitioners on relevant topics.
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