Phil Huber
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“What makes today so unique is that we have not previously seen such elevated valuations and such low bond yields simultaneously in our lifetimes.”
― The Allocator's Edge: A modern guide to alternative investments and the future of diversification
― The Allocator's Edge: A modern guide to alternative investments and the future of diversification
“no one ever got fired for buying IBM,” allocators rarely get fired for recommending a 60/40.”
― The Allocator's Edge: A modern guide to alternative investments and the future of diversification
― The Allocator's Edge: A modern guide to alternative investments and the future of diversification
“They then compare the likelihood of at least one strategy being down over various time horizons as well as the likelihood of beating cash over the same time horizons. What they find is that the fox has a slight edge over the hedgehog in beating cash over every time frame, yet is substantially more likely to experience at least one strategy being down.”
― The Allocator's Edge: A modern guide to alternative investments and the future of diversification
― The Allocator's Edge: A modern guide to alternative investments and the future of diversification
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