As someone who runs (hahaha) a podcast, I am in awe of how the guys behind the Rational Reminder continue to find interesting topics to review after more than 300 episodes. Someone said that personal finance was a solved problem—sure. Read more…
I like David Dredge’s metaphor of a portfolio like a racing car: you do not need to reduce cruise speed when you have brakes. The 60/40 is a car moving always at the same speed, the one that would keep Read more…
A few weeks ago The Rational Reminder podcast did an episode on the Lifecycle Model. The episode features Ben Matthew, an economist with a PhD from the University of Chicago, who has developed a financial planning tool based on the Read more…
Here at The Italian Leather Sofa I run a Model Portfolio, an empirical summary of all the concepts around asset allocation and diversification discussed on the blog. It is a short, and hopefully understandable, recap to the “ok, but how Read more…
“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 in the US 🙂 Anyhow, 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 to what I think 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 know what to expect”. As 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 concept behind the PP is 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 on a crappy team and 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 this year from reading papers, Read more…