The Full Montier: Absolute vs. Relative Value
James Montier, one of our favourite thinkers and fellow evangelist for behavioural economics and evidence based investing, published a great…
Don’t Take Our Word For It
In Industry Illusions, Retail on“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” Upton…
Permanent Portfolio Shakedown Part 1
The Permanent Portfolio is an asset allocation concept first introduced by Harry Browne in 1982. The Permanent Portfolio Family of…
Focus On What You Can Control
Andrew Ang has published online draft versions of some sections from his forthcoming book, Asset Management, and from what I’ve…
Dividend Delusions
Just a short post to highlight the frothy premiums currently being bestowed upon the ‘slow and steady’ blue-chip dividend stocks…
Adaptive Asset Allocation for a Regime Agnostic ‘Balanced Fund’
In Adaptive Asset Allocation, Asset Allocation, Diversification, Institutional, Retail, Risk Parity, Systematic Investing onRisk Parity: Past its Prime This is a follow-on to our research on Adaptive Asset Allocation Our last article described…
Adaptive Risk Parity for a Better ‘Balanced Fund’
In Adaptive Asset Allocation, Correlation, Institutional, Retail, Risk Parity, Systematic Investing, Volatility onRebalancing Revisited Back in November of 2011 we published our first article introducing the concept of volatility sizing for asset…
