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
Thomas Peterffy has a problem with prediction markets. Not with the concept, he loves the concept. His problem is with what they’ve become. And I agree with him. Peterffy, the founder of Interactive Brokers, recently joined the Odd Lots podcast 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
Natixis puts out a Global Retirement Index every year (I found it, as usual, thanks to BankersOnWheels). It’s one of those research pieces that I wish had always existed, especially for someone like me who is keen to optimise and…calls Read more
On Wall Street, no one ever says “okay, enough is enough.” The mentality is always “if a little bit is good then a lot is better. And if a lot is better then way more is great!” Usually, people have Read more