Show Us Your Portfolio: Cem Karsan
Excess Returns
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How Much Beta Do You Put in Your Portfolio?
The 60-40 thing made a lot of sense for 40 years. It does not work in this type of what we believe is a rising interest rate environment. My long-term beta of the portfolio is zero. Because I believe the expected value in the next decade for equity returns as a broad market doesn't mean I don't have stocks in the portfolio. And in real terms, I think it's considerably negative.
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