Monday, July 13, 2009
Toward a New Concept of Asset Allocation
Longtime readers know that I am not a fan of modern portfolio theory. It is a failure for many reasons: (a) It assumes there is one type of risk, the occurence of which is random...
Seeking Alpha (Merkel): Toward a New Concept of Asset Allocation
Seeking Alpha (Merkel): Toward a New Concept of Asset Allocation