30 Nov 2017
In this month’s letter, Peter extols the benefits of a simple approach to asset allocation. “Take a look at the equity weight over time of some multi-asset funds”, he writes, “and you’d have thought that the manager was at best flipping coins and at worst drunk. Up one month, down the next, up again, down again.” Peter goes on to provide an example of a simple asset allocation decision making framework that adds value over time.
To read the rest of Peter's scribblings that includes a new review and outlook section, please click here or on the link below.