Miner Company
Why I Now Favor A Barbell Model Over Ray Dalio's All-Weather Portfolio
The All-Weather Portfolio (AWP) has lagged the S&P 500 since 2018, driven by secular shifts in monetary order and bond return prospects. Changing monetary order and record-low real yields undermine AWP's historical advantage and challenge its risk-parity foundation.
The All-Weather Portfolio (AWP) has lagged the S&P 500 since 2018, driven by secular shifts in monetary order and bond return prospects. Changing monetary order and record-low real yields undermine AWP's historical advantage and challenge its risk-parity foundation.