Mark Kritzman

Mark Kritzman, an expert in asset allocation and portfolio optimization, discusses why asset allocation is the key to active returns. He explains the challenges of arbitrage and why asset classes can stray far from equilibrium. Kritzman argues that the policy portfolio concept is misguided and that portfolios should change over time. He addresses common misunderstandings about optimization and explores the construction of optimal portfolios. The podcast also delves into the balancing of short-term and long-term goals, the use of centrality to identify bubbles, and unsolved problems in finance.