Up nearly two tenths of a percent. Correlation seems to be falling, so the cash isn’t deemed necessary for protection any longer. Getting close to equal weight between the 3 assets. On June 26th, 2020, the strategy rebalanced to: 36% SPY , 36% TLT , 28% GLD
Month: June 2020
Error Drag: A Lesson in Strategy from Tiger Woods
If Tiger Woods was a investment manager, he would dominate investing just as he dominates golf. Golf is often called a game of misses. Even a professional doesn’t hit most shots to their target. Therefore they try to manage each shot so that the bad ones don’t ruin the round. 2019 Masters Re-watching Tiger Woods’…
Portfolio on 6.19.20
Up just over half of a percent. Fairly calm week (relatively) with steady gains. The increased calmness leads a reduction in cash. Interesting it went mostly to gold. On June 19th, 2020, the strategy rebalanced to: 30% SPY , 38% TLT , 27% GLD, 5% Cash
If You’re Going To Miss, Aim Left
Engineering college classes teach students early on that all measurements are wrong. Essentially all measurements have some level of error. They are technically just estimates of the true value. Therefore you have to be careful using and extrapolating measurements during calculations. You may think you have precise numbers, but you probably don’t. Here is an example:…
Portfolio on 6.12.20
Down three tenths of a percent. The week started off wonderfully, with new all time daily highs set on Tuesday and Wednesday. Then Thursday happened, falling nearly 2%, and brining back memories of March. I’m glad there was a bit of cash in the portfolio to cut the losses this week. Obviously the strategy becomes…
The Strategy One Year Later: Portfolio on 6.5.20
One year ago today I started posting the portfolio positions so others could see in real time how Geometric Balancing works. It’s been quite a year, and in many ways you’ve gotten to see the response in a variety of markets. We had three strong stock bull runs: early last summer and then from the…
An Ode to Cooperation
I’m going to show you why giving money to other people may actually make you wealthier in the long run. Not richer in the spiritual or psychological sense, but truly wealthier in a monetary sense. In doing so the whole of society will be better off too. This concept might seem strange but many of…