“The question of whether, when, and how to hedge foreign exchange risk has been a vexing one for investors since the end of the Bretton Woods system in 1973.” Probably, if you do not live 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…
I have been in the investing world, in many different roles, for two decades. There has never been a single bloody year where people around me coming Christmas said “Next year will be easy, I Read more…
When it comes to alternative lazy portfolios, I have two main sources of inspiration: Nomadic Samuel and Roger Nusbaum. Here Roger presents an alternative to the classic Permanent Portfolio (“PP”) that I found interesting. The Read more…
It has been a while since I wanted to re-read and comment on Sam Hinkie’s resignation letter. Sam was the Philadelphia 76ers (an NBA team) GM and left in 2016. At the time, he took Read more…
These days, chaps are busy thinking about Xmas gifts…and I am thinking about bonds. This post is highly unstructured, as it is a sort of stream of consciousness. I have collected many thoughts about bonds Read more…
Finally, the day has arrived. With slightly less fanfare (and universal interest) than the Jake Paul—Mike Tyson fight, WisdomTree launched the Global Efficient Core UCITS ETF, aka NTSG. As per the title, NTSG is the Read more…
A common theme in this blog’s last few years has been the search for the perfect retirement portfolio. If you are familiar with the ideal goal, you know the challenges to achieve it: longevity and Read more…
My job in the last 15 (?) years has been in, generally speaking, Corporate Treasury. I contribute to the bottom line of my employer in various way: Even if I want, there is no way Read more…