Mind the Inflation Gap: Hedging with Real Assets
Inflation expectations are skyrocketing. The University of Michigan Survey of Consumers shows…
Revisiting the Factor Zoo: How Time Horizon Impacts the Efficacy of Investment Factors
The returns of investments are not completely random over time (i.e., do…
Commodities for the Long Run?
If you focus only on returns and covariances over a one-year investment…
What’s Your Client’s Optimal Equity Allocation?
Investment advisors may be overestimating the risk of equities for longer-term investors.…
Investment Returns Are NOT Random
There is notable disagreement among academics about how investment time horizon should…
Regret and Optimal Portfolio Allocations
How is risk defined in portfolio optimization objective functions? Usually with a…
Rethinking Retirement Planning Outcome Metrics
The following is based on “Redefining the Optimal Retirement Income Strategy,” from…
More Realistic Retirement Income Projections Require Dynamic Adjustments
The following is based on “Redefining the Optimal Retirement Income Strategy,” from…
Redefining the Retirement Income Goal
The following is based on “Redefining the Optimal Retirement Income Strategy,” from…
