What I've been listening to, watching, and reading over the past month. This month: second-guessing, maybe ditching commodities, the three types of stackers, a trio of OGs on managed futures, and two big shots face the critics.
What I've been listening to and reading over the past month - with some additional commentary and links as needed. Here are eight things to check out, covering the 4% Rule, Withdrawal Rates, TIPS, Short Selling, Long-Term Bonds and more.
Finally now wrapping up the mini-series on capital efficiency, this time by passing along a few resources that I have found helpful in my investigation. Kind of a Noah’s Ark of resources: two new whitepapers, two links to papers I have already reviewed, two helpful videos, and two websites.
Interesting paper with a neat take on correlation: its asymmetric and we should focus on downside more than overall correlation. Treasuries still most dissimilar to equities; commodities, not so much. Not exactly a must read, but provides food for thought for the RP investor.
Wonderful analogy of stores selling skis in the winter and bikes in the summer to explain the basics of diversification as the bedrock principle of effective portfolio construction. A must-understand concept for Risk Parity, cleverly and effectively presented.
