Carrying the Sails of Global Asset Allocation FX carry is the enduring financial anomaly. Eugene Fama described its success as “startling” in his seminal 1984 paper (Forward and Spot Exchange Rates). Theoretically, FX carry should not work. Empirically, it does. It is...
If you buy physical and digital products from Amazon, would you consider buying financial products as well? 70% of U.S. households trust Amazon enough to be Prime members (Consumer Intelligence Research Partners, 2017). In all probability, an even greater portion of...
Do you believe that taking riskier equity exposures should reward you with higher returns? Most finance education is founded on the positive correlation between risk and reward. Taking incremental risk would not be worthwhile otherwise. Over the long run (past 10 and...
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