I first read Flash Boys by Michael Lewis on warm summer evenings by Lake Geneva, back when I was single, kid-free, and had the time to think deeply about things like latency arbitrage and fragmented Read more…
I was going through some old posts and realized something surprising: I’ve never written a dedicated piece on risk parity. I could’ve sworn I covered it at some point—maybe under the All Weather umbrella—but apparently Read more…
Dear non-Italian reader,Nothing for you here today.I couldn’t drum up anything interesting this week—not even something I’d pretend to care about. So I dipped into the grab bag of local nonsense.It’s an Italian thing. Some Read more…
A few days ago, I saw this tweet: I couldn’t picture in my mind what the purpose was and simply filed it away as “another meme ETF”. Then Katie Greifeld mentioned it in her podcast Read more…
I’ve been incorporating ‘Tail Risk’ ETFs into my portfolios for some time now, specifically TAIL in the Model Portfolio and TAIL, CAOS, and BTAL in my personal portfolio. Given the current market conditions, it feels Read more…
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best Read more…
Man AHL dropped a new paper on regime-based investing (link). Think of it as the overachiever’s version of lazy portfolios. Instead of building a portfolio that’s resilient across economic regimes—like the Permanent Portfolio—this approach tries Read more…
The CFA Institute produced a detailed report on the historical performance of the 60/40 portfolio (here the link). While the breadth of this study is not as ample as other works, think of the UBS Read more…
I want to talk to you about a crazy experiment. Years ago, an Italian blogger-now-YTer started sharing all his “financial life” in the open, to everyone. I virtually met him because of this experiment, and Read more…