Investing & Economics

Gold, Risk & Leverage: ReSolve Visits the Meb Faber Podcast

he fundamental recognition is that asset allocation completely dominates long-term portfolio outcomes. There’s a pile of research out there, most of it is really misunderstood. For instance, Brinson’s a perfect example where the original research claimed that …

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The Life of a Thanksgiving Turkey: An Investment Fable

So who are the turkeys in the current market? Consider that for the past 7 years, the world’s central banks have fed investors with a steady diet of nearly unlimited support for risky assets like global stocks, bonds, and real estate.  Markets have been buffeted time and …

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NVCC Bonds: How Much Risk Would You Take for an 8% Yield?

Banks make money by taking your deposits and loaning against them.  In fact, the law allows for banks to loan out a surprising amount of capital against your deposit, up to 90-95%, keeping only a 5-10% capital cushion. If we assume that banks do this many …

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We Published a Shiny, New Book on Adaptive Asset Allocation!

With that fully in mind, today we bring you a crazy Shymalanian twist: you need to read our recently published book Adaptive Asset Allocation: Dynamic Global Portfolios to Profit in Good Times – and Bad.  Yes, it’s 40,000 words of investment philosophy, research and insights…

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YUP, Diversification Still Works

Did you read our 2015 Annual Letter, entitled “Navigating Active Asset Allocation When Diversification Fails?” If not, you should because some of the things that are happening in the markets right now are eerily in line with the topics addressed therein …

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Our Big Lesson From “The Big Short”

In 2012 we published a whitepaper entitled “Adaptive Asset Allocation: A Primer” in which we built upon the simple, robust momentum framework proposed by Mebane Faber in his 2009 study “Relative Strength Strategies for Investing.” Our approach utilized a …

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