“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, we don’t so yes, we care. That’s the incipit of Read more…
I live in Europe and the majority of this blog readers are European as well. The most recurrent complaint I receive is that I focus on USD investment without acknowledging the related FX risks for European investors. The Model Portfolio is built with USD assets simply because it was easier Read more…
When I was 17 I went to the US for a 1 month basketball tour with my Italian team; every two nights we were sleeping with a different family in a different town, but there was a ritual that happened at almost every stop: after the first dinner, the father Read more…