Chris Cole, Artemis Capital Management - You Want To Diversify Based On How Assets Perform In Different Market Regimes | #317
The Meb Faber Show - Better Investing
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Is Private Equity a Diversification Tool?
A lot of institutions understand the 60-40 problem. Their conclusion is simply to add more stocks through essentially private equity as their savior. I actually see it as something that should be an alternative to equity, or the passive equity. It shouldn't be a diversifier on top of the portfolio. That's the problem. People are using it as a diversification tool. Many of these things that people talk about as diversification tools are actually risk enhancers during periods of set-to-date deflation. This is a Greek tragedy waiting to happen.
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