Risk Parity Resources: Kinlaw et al. (2021)

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.

Risk Parity Resources: Ilmanen (2022)

Consider this a bit of a “reality check” to return to logic and caution after more than a decade of boundless investor optimism. Lots of Risk Parity-esque insights. Recommended, but maybe better suited for pros though, as the DIY investor can get the message through Ilmanen’s podcast appearances.