Someone recently asked me why I don’t just launch the TILS ETF, based on the Model Portfolio, innit? There are plenty of white-label providers out there. Okay, maybe not plenty. But there are enough of them, even in Europe. If Read more
I finally got around to properly playing with testfol.io’s Monte Carlo engine. With the Pro version, I was able to stretch the analysis out to a 40-year horizon and run 5,000 simulations. The underlying dataset only goes back 38 years, 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 explanation of what I think Read more
Last week, two different writers landed on the same idea in the same week, without either knowing the other existed: a paper and, in Italian, a blog post, both asking what actually makes retirement satisfying. Call it a coincidence. Or Read more
I came across a post on r/LETFs about building a “super cash” position, something safely juiced to beat inflation. It got me thinking about a question I hear more than almost any other: Beat inflation. Stay liquid. Don’t take much Read more
Jason Buck did an incredible episode on the Infinite Loops podcast. On the back of it, Roger Nusbaum took the opportunity to recreate the Cockroach Portfolio this way: Look at the backtest. No, really, look at it. This isn’t a Read more
A lot of you probably know Benn Eifert. I’ve linked his stuff here before, I’ve referenced his work, some of you have been following him for years. And for those who haven’t…no worries, I’ll catch you up. Benn was running Read more
One year and half ago I wrote about the Permanent Portfolio 3.0. I just realised I never did one… on the Permanent Portoflio 2.0, so here we are. Not sure if this would qualify me for a career as a Read more
I’ve been messing around with the Testfol.io Monte Carlo Simulator. The free tier is pretty crippled — 500 simulations, 15-year cap — but Testfol.io is literally the only place where we have a decent Trend Following proxy that actually goes Read more
I came across an interview with Jordan Brooks, who runs macro strategies at AQR Capital Management, in the Journal of Portfolio Management. AQR manages somewhere around $100 billion. Brooks has a PhD, teaches at Yale and NYU, and spends his Read more