Asset Allocation is Not for the Faint of Heart (Long Live Diversification)
We have posted a lot of research on fairly complex asset allocation topics, but I think many readers would be…
The Importance of Asset Allocation vs. Security Selection: A Primer
By far the greatest source of personal consternation as a professional in markets is investors’ obsession with finding the best…
Bold, Confident & WRONG: Why You Should Ignore Expert Forecasts
If you read the paper, watch the news, and listen to investment experts you are doing it all wrong. There…
We Published Our First Book! Adaptive Asset Allocation: Dynamic Global Portfolios to Profit in Good Times – and Bad
In Adaptive Asset Allocation, Asset Allocation, Behavioural Finance, Factors, Industry Illusions, Institutional, Minimum Variance, Optimization, Permanent Portfolio, Retail, Retirement, Risk Parity, Systematic Investing, Tactical Alpha, Valuation Based Equity Market Forecasts onWe are happy to announce that our book, Adaptive Asset Allocation: Dynamic Global Portfolios to Profit in Good Times -…
Apples and Oranges: A Random Portfolio Case Study
This article was motivated by a provocative discussion with a thoughtful RIA. Let’s call him Harry. Harry expressed some disappointment…
A fool thinks himself to be wise…
A fool thinks himself to be wise, but a wise man knows himself to be a fool. – William Shakespeare…
Triumph of the Ostriches
Obviously the title of this post is a riff on the classic book, Triumph of the Optimists by Dimson, Marsh…
