Hi Ken,
Nice post.

I would love to see a follow up piece that utilizes a more diversified asset mix. If you added non-US equities, managed futures, gold, and various absolute return/market neutral strategies, you would increase the CAGR, the Sharpe ratio, and most likely reduce the volatility. This would be carrying the benefits of capital efficiency to a more optimal result.

Thanks,
Scott Berglund
President of Elk Hill Advisors, Inc. a US based RIA