Great piece, as usual. I’m right there with you on my thinking about bonds. I’ve had a small tactical exposure to long duration treasuries since June but it’s looking like I’ll be stopped out for no gain.
My concentration in my day job recently has been to beat the drum of creativity to my students (student managed investment fund). In these times they find theirselves in a boring 60/40 is not going to generate outperformance. They need to blast through the sides of the box. I’m going to share this write up with them and hopefully some will take it and run with it.
Thanks for the kind words, bud. I'm sure the trade you had on worked for a while, hope you managed to book some profits on the way down in yields!
Re: thinking outside the box, you're hearing this from some of the best allocators out there. I'm glad you're making a push to endow the newest generations with the ability to think laterally, we need more of you!
Great piece, as usual. I’m right there with you on my thinking about bonds. I’ve had a small tactical exposure to long duration treasuries since June but it’s looking like I’ll be stopped out for no gain.
My concentration in my day job recently has been to beat the drum of creativity to my students (student managed investment fund). In these times they find theirselves in a boring 60/40 is not going to generate outperformance. They need to blast through the sides of the box. I’m going to share this write up with them and hopefully some will take it and run with it.
Thanks for the kind words, bud. I'm sure the trade you had on worked for a while, hope you managed to book some profits on the way down in yields!
Re: thinking outside the box, you're hearing this from some of the best allocators out there. I'm glad you're making a push to endow the newest generations with the ability to think laterally, we need more of you!