When Conventional Asset Allocation Gets it Wrong

There's always a lot of talk in the financial media about "risk", with all sorts different ways to measure and quantify it.  But as the following post puts it "The worst drawdown "is" the only risk metric that really matters."


The following is a link to a great post by Mike Shell discussing the problems with traditional metrics of risk.  We both base our investment strategy on the same PnF methodology and I agree with the ideas he discusses here:


Asset Allocation Gets it Wrong


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