
Saved by Justin Fang and
The Radical Portfolio Theory
Saved by Justin Fang and
This traditional approach to asset allocation ran aground in 2008, when the financial markets collapsed and investors found that even if they had both stocks and bonds in their portfolio, they all fell together.
Final Thoughts: Three Pillars Reiterated
I continue to view a three-pillar portfolio as an ideal framework for risk-managed investing.
A classic “60/40” stock and bond portfolio consists of two asset types that both prefer disinflation. Stocks generally prefer disinflationary growth, and bonds generally prefer disinflationary contraction. They’ve bot
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