num_pages: 32
description: Skating Where the Puck The Correlation Game in a Flat World is the second installment in the Investing for Adults series. This series is not for novices. This booklet explores the notion that as a general rule no magic policy rich in high-return/low-correlation alternative asset classes exists that will simultaneously preserve upside reward and protect against downside losses. And as long as Im lowering your expectations this booklet is most certainly not a blueprint for the perfect portfolio. Youre an adult after all so you know that the future efficient frontier lies well beyond our ken; presumably you already know all about the mechanics long-term benefits as well as the uncertainties of wide diversification and factor tilt using low-cost efficient vehicles and the risk/reward spectrum between all-fixed-income and all-equity portfolios. Rather this booklet provides a way of navigating a global investment landscape that grows ever more linked by the month and a way of thinking about diversification.
language: English
title: Skating Where the Puck Was: The Correlation Game in a Flat World
publisher: Efficient Frontier Publications