Show Us Your Portfolio: Corey Hoffstein
Excess Returns
00:00
The Leverage Level Maximizes the Compound Growth Rate
If you plotted over the long run, say 30 year period of looking at this 40, 50 years, you end up pretty far to the left of like what the numbers would tell you. What I find is if you look at a period that's got a massive drawdown in it, like 2008, your leverage level may be way lower than it would have been if you looked at a very bullish period. And so the art of what I try to do with the way I think about this is I go, all right, let me look at all these different sub periods. What leverage level do I sort of think safely is attainable and sustainable through all these shorter time horizons that is
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