risk management
William Kinlaw, Mark Kritzman, and David Turkington offer advice on a wide range of asset allocation topics, backing up their recommendations with solid quantitative analysis.
Equities are not necessarily more risky than such "safe" assets as US Treasuries.
Amid rampant inflation and rising interest rates, how can we protect ourselves from interest rate volatility, from anticipated and unanticipated hikes?
The operation of enterprise annuities in China suffers from a "long-term money, short-term investment" mindset.
The spillover effect of the Russia-Ukraine War will increase food prices and geopolitical risk throughout the world.
"Discount rates vary a lot more than we thought. Most of the puzzles and anomalies that we face amount to discount-rate variation we do not understand."
Portfolio Pi and Portfolio Eta are new decision metrics that connect investment objectives and risks.
Standard deviation fails to characterize risk in a way that matters to most investors.
Identifying investment objectives and achieving stakeholder buy-in is the critical first step in connecting these objectives to portfolio construction.
This book is an achievement not only for its historical detail but also for supplying a unifying framework that can be applied to any future bubble event.