Show Us Your Portfolio: Jason Buck
Excess Returns
00:00
The Three Major Flaws of the Permanent Portfolio
Daleo: There's really only three correlations right there's correlated to stocks, uncorrelated negatively correlated and correlated stocks is what we're talking about. Most asset classes are like i said long gdp short volatility or they're correlated to stocks they're offensive assets so that's part of the correlations he says. Daleo: In a more financialized universe you know that drawdown can be so severe on stocks we like to balance that out with long volatility tailrests it's more like a convex cash position that really helps offset that linear position of stocks but bonds as well.
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