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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Investing in Portfolios
It's interesting because when I did the 100 year portfolio paper, I didn't know what the answer would be. It was truly like an intellectual exercise. From this brute force method, we came up with this conclusion as to what this collection of assets works great as a team. Then we worked out and developed a new mathematical formula from a more elegant mathematical framework that looks at portfolio construction. We then applied that framework to a range of assets and we get the same answer. That's not by design. That's purely the fact that we're approaching this problem by two entirely separate analytical methods and you get the same answers plus merger arbitrage - something I never saw a couple.
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