Global CAPE Model Optimization
Check out our new whitepaper, published in collaboration with Mebane Faber, and based on his recently published ‘Global Value: Building…
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Permanent Portfolio Shakedown Part II
In Part I of the Permanent Portfolio Shakedown we investigated the history of the approach, tracing it back to Harry…
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…
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…
2277 Stocks and Still Not Diversified.
The single greatest misperception we encounter with clients, and many Advisors as well, is the idea that material diversification can…
Objective Function, What’s Your Function?
Conjunction Junction In between cartoons on Saturday mornings in the 1980s the networks would run educational vignettes about grammar and…
Retirement’s Volatility Bogeyman
In Retirement, Volatility onInvestment marketing is like watching a talented magician ply his trade. While the marketing geniuses keep everyone focused on the…
