Asset Allocation

Roche: Asset allocation as temporal matching across time horizons

Cullen Roche

“Asset allocation is fundamentally a temporal conundrum where investors must match their finite time horizons and expenditure needs with instruments that have inherently different timeframes. Stocks are long-term instruments tied to companies that generate revenue over decades, while bonds like T-bills operate on much shorter horizons. The real benefit of diversification in portfolios like 60/40 stock-bond allocations is not just spreading across different assets, but specifically balancing instruments with different temporal characteristics to match varying spending needs across time.”

Harold J: Municipal funds should abandon bonds entirely for equities

Harold J

“Municipal pension funds should not own bonds at all and should hold their portfolios entirely in equities. The data overwhelmingly supports this approach for long-term institutional investors that operate in perpetuity, particularly those with 20-year investment horizons that match the average career length of public sector workers like firefighters and police officers.”

Masturzo: 60/40 portfolio's exceptional performance since 2009

Jim Masturzo

“The 60/40 portfolio has achieved a Sharpe ratio above 1.0 since 2009, which would make most hedge funds envious and is significantly higher than the historical average of around 0.4. Despite this exceptional performance during the bull market era, many investors have become complacent with their asset allocation, either failing to rebalance or doing so infrequently, leading to portfolios that no longer maintain their intended 60/40 split.”

Arnott: Asset Allocation Interactive reveals opportunities outside US large-cap

Rob Arnott

“Research Affiliates offers an Asset Allocation Interactive tool that helps investors identify opportunities across global asset classes. The tool reveals that current opportunities lie outside U.S. large-cap growth stocks and mainstream bonds, which are priced to deliver only 3-5% returns, while other global markets are priced attractively.”

Grieve: Bull/bear market allocation strategy shifts

Kyle Grieve

“During bull markets, investors tend to expand their portfolios and add more positions due to increased conviction and potentially FOMO, while bear markets call for consolidation - pruning lower conviction holdings and concentrating capital in highest conviction positions that are likely trading at discounts to intrinsic value.”

Are You Betting All Wrong? (Elm Wealth's Victor Haghani Explains)

Victor Haghani

“…talk about how this kind of works into your thinking about asset allocation. You guys put out a really cool ETF, great ticker, Elm ELM, which reflects your your company's name, Elm Wealth. But it's interesting to me your process and I'll let you dig into it b”

Mind Blowing Truth About Vanguard's ACTIVE Investment Approach (Vanguard’s Fran Kinniry Reveals)

Fran Kinniry

“modules and some of them are larger than others so asset allocation so how you get to an asset allocation of hypothetically 6040 versus 4060 obviously that matters so working with a professional who knows how to do that fund selection is a big part of it if yo”

PIMCO’s Marc Seidner: Investors Are Misreading This Bond Market

Marc Seidner

“…should And again, we're not talking about 20 or 30% of your asset allocation, but hey, what about like 5, 6, 7% to give you a little bit of protection? >> One other point >> while we're on that. And it's my own personal bias, but I I don't think investors gene”

The Met's Endowment Manager Reveals Her Strategy (Wendy Li's Reveals)

Wendy Li

“our strategic Target asset allocation from the get-go and so our portfolio today is about 55% public equities and fixed income and 45% alternative Investments holy macro I like it we're going to call that the windy portfolio so roughly 5050 public equities and”

Can We All Invest Like Yale? | Narrated by Meb Faber

Meb Faber

“…he average endowment we found that most Buy and Hold Global asset allocation portfolios perform similarly in our book Global asset of allocation and if you added columns for the global market portfolio or former Harvard endowment head L aran's recommended port”

Webinar Replay: Endowment Style Investing and 351 ETF Conversions | Meb Faber

Meb Faber

“…nd up with a great allocation we covered this in our Global asset allocation book where the endowment style strategies were the best performing strategies in the book so we looked at permanent portfolios 6040 on and on and on right and um they did great but th”

Are You Betting All Wrong? (Elm Wealth's Victor Haghani Explains)

Victor Haghani

“then shouldn't our asset allocation reflect that, you know, at each point of time in conjunction with our own personal risk aversion? And I think that when you discuss it like that that nobody I don't think I've ever talked to anybody that says that doesn't ma”

60/40 Portfolios Are a Scam (Here’s the Real Story)

Cullen Roche

“…ship. >> This is another one of yours. You're talking about asset allocation is a temporal conundrum. I what does that mean? [laughter] >> Well, so I write about how all all financial planning and all asset allocation ultimately comes down to time horizons. It”