Your book is the best thing I read so far in 2022, thanks so much for sharing your knowledge!
Quick question: As much as I agree that US bonds seem to have lost their "dampening" effect on portfolio volatility (thus making the 60/40 model not behave the way one would expect), is it really necessary to become a trader moving forward to expect real returns?
Most people certainly don't have time to adjust positions on a daily basis, so perhaps a compromise would be going from passive to active investor instead? That would entail keeping a close look on portfolio asset allocation, and rebalancing / adjusting weighting on a regular basis.
There are quite a few portfolio models that use this approach (e.g. Trinity by Meb Faber), and can potentially generate real returns without the burden of trading too frequently.
Thank you, great read !
Great read. Thank you for putting this online David
This is great. Is there a way to purchase a hard copy or does a hard copy exist?
Hi David,
Your book is the best thing I read so far in 2022, thanks so much for sharing your knowledge!
Quick question: As much as I agree that US bonds seem to have lost their "dampening" effect on portfolio volatility (thus making the 60/40 model not behave the way one would expect), is it really necessary to become a trader moving forward to expect real returns?
Most people certainly don't have time to adjust positions on a daily basis, so perhaps a compromise would be going from passive to active investor instead? That would entail keeping a close look on portfolio asset allocation, and rebalancing / adjusting weighting on a regular basis.
There are quite a few portfolio models that use this approach (e.g. Trinity by Meb Faber), and can potentially generate real returns without the burden of trading too frequently.
Thoughts?