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Rain or Shine: Building an All Weather Portfolio

Many Happy Returns

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The Importance of a Long Investment Horizon

Ray Dalios: All weather is suitable for people who want a bit less volatility. He says it doesn't make sense to minimize short-term drawdowns at the cost of great, long term returns. Some endowments do invest in all weather portfolio stuff, he adds. But if you're the fund manager and you have to justify it to people on the board... You're probably out of a job at that point.

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