Intro

Welcome to Moser Alpha, a new blog I'm starting to document and make public my portfolio alpha. In 6 years time I'm going to be starting a hedge fund and will need proof that I can outperform the market despite only being 30 years of age and only having 10 years of experience in financial markets. I am therefore starting today, 30 September 2013, to analyse and select equities for long or short positions. 

There are 2 goals I have to this exercise:

1. Consistently engage in transactions that outperform the market over their respective holding periods. This can be mathematically calculated by subtracting the market return from the stock return over the holding period. Averaging all of the transactions will give the average alpha in my decisions.
2. Achieve maximum possible portfolio alpha. Achieving this task will involve appropriate portfolio construction and management of position sizes.

I suspect portfolio alpha is something that will improve over time because at the time of writing this I have 4 years of trading experience but no asset management experience. I will assume I'm managing a portfolio of $1m.

Disclaimer: take caution using my viewpoints in your own trading, there is no guarantee that any of them are correct or will result in profit.