Interesting Economics talk.
Note how a slightly wrong assumption destroys the model.
The PP, relying on fundamentals, looks even better now compared to more complex asset allocation models.
Also note the reference to Contrarian Investing near the end of the presentation
https://www.youtube.com/watch?v=BSrwRjyQaEo
Runs for an hour, so get some popcorn and enjoy!
The more I study, the happier I am with the PP
Moderator: Global Moderator