One of the more misunderstood results to come out of the Brinson et al papers is the statement that 90% of a portfolio returns is a result of asset allocation. This paper by Mitch Tuchman gets it wrong. Check the first paragraph under Reducing Risk. 90% of a portfolio return is not tied to asset […]
Archives for March 2015
Katherine Jenkins: “La Diva” is CD Recommendation for Week
Katherine Jenkins, “La Diva” is my CD recommendation for the week. If the cost is a little steep, then go to Pandora and set up a Katherine Jenkins station. Pandora does not allow one to listen to specific songs, but you will find music that is pleasant to the ear. Perhaps a reader knows where […]
William Bernstein Recommends Saving More and Spending Less
William J. Bernstein, in a recent interview, projects modest market gains (2% net expenses) over next two decades. That does not bode well for the 45 to 55 age generation. Here is a quote from the Bernstein interview. “The way you’re going to get rich is by working hard; not spending a lot of money […]