I heard a squeaky little rat singing in the Village .
August 25, 2004
August 08, 2004
How not to allocate assets
Harry M. Markowitz..
I should have computed the historical co-variance of the asset classes and drawn an efficient frontier. Instead I visualised my grief if the stock market went up and I wasn’t in it – or if it went way down and I was completely in it. My intention was to minimize my future regret, so I split my contributions 50-50 between bonds and equities.
I should have computed the historical co-variance of the asset classes and drawn an efficient frontier. Instead I visualised my grief if the stock market went up and I wasn’t in it – or if it went way down and I was completely in it. My intention was to minimize my future regret, so I split my contributions 50-50 between bonds and equities.
August 07, 2004
Short is the new tall
My wife is 5' 12". She wears high heels to announce how happy she is to be tall. I wear flip-flops to announce how happy I am to look ridiculous. Think Bernie Ecclestone without the money.