Portfolio construction is the careful calculus of a number of different decisions related to how a fund is run and the impact that each of those inputs have on each other . The major contributing factors to portfolio construction are:
So Chris tried his hand at chipping away at this problem — but concluded the nature of the problem wasn’t quite what he originally thought. In this conversation we talk about that, as well as:
Webster defines “decentralization” in relevant part as follows: "the delegation of power from a central authority to regional and local authorities". This means that decentralization occurs when power is widely dispersed or distributed.