Random Thoughts

Here, we put things that come to mind from time to time...

• you cant see the end from the beginning
•  Sovereigns should re-visit DB, a better deal in a low inflation world
  
• ask us about upside down triangles
•  diode asset allocation
  
• virtual DD...the new way of doing things
•  its annoying being wrong. its even more annoying being right - and not having the right sized position to generate the intended profit. Portfolio construction is all about sizing. Sizing for return and managing for risk
  
• Portfolios should be tested for possible alpha, not monitored for actual alpha