Description
Book Synopsis: Deep risk: How History informs Portfolio Design is the third installment in the investing for adults series. this series is not for novices. This booklet takes portfolio design beyond the familiar “black box” mean-variance framework. Most importantly, the short-term volatility of financial assets, commonly measured as standard deviation, is a highly imperfect measure of the actual long-horizon perils faced by real-world investors subject to the vagaries of financial and military history. These risks have names—inflation, deflation, confiscation, and devastation—and any useful discussion of portfolio design of necessity incorporates their probabilities, consequences, and costs of mitigation. You’re an investment adult, 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. This booklet contains no magic formula for the “perfect portfolio,” but rather, with luck, a framework within which to think more clearly about risk.
Details
Are you tired of the same old investment strategies that offer little insight into the long-term risks faced by real-world investors? Look no further than Deep Risk: How History Informs Portfolio Design. This compelling book, part of the Investing for Adults series, takes portfolio design to a whole new level. It goes beyond the traditional mean-variance framework and delves into the real perils of financial and military history that can impact your investments.
Unlike other books that focus on short-term volatility measured by standard deviation, Deep Risk takes a comprehensive approach. It explores the risks that have names, such as inflation, deflation, confiscation, and devastation. By understanding the probabilities, consequences, and costs of mitigating these risks, you will be better equipped to design a portfolio that can weather any storm.
As an investment adult, you understand the importance of diversification and factor tilt using low-cost, efficient vehicles. But what if there was a way to go beyond the common knowledge and truly think more clearly about risk? Deep Risk offers a framework that allows you to do just that. It doesn't promise a magic formula for the "perfect portfolio," but it does offer a fresh perspective and valuable insights.
Don't settle for mediocre investment advice that only scratches the surface. Take your portfolio design to the next level with Deep Risk: How History Informs Portfolio Design. Click here to get your copy today and start thinking more clearly about risk.
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