DM David Merkel (not verified) 18th October 2012 | 12:20pm We have to give up these academic approaches to asset allocation. None of them work -- it doesn't matter whether you have two or four parameters -- the parameters are not stable, and can't be stable. Reply
We have to give up these academic approaches to asset allocation. None of them work -- it doesn't matter whether you have two or four parameters -- the parameters are not stable, and can't be stable.