04-26-2016, 04:46 PM
Agreed on both points.
-I really don't like MPT. Markets aren't efficient and investors don't act rationally. And a number (Beta) doesn't measure risk. I think most of us would agree with Warren Buffett on this issue.
-Asset/liability matching is a great idea. It's always wise to forecast out obligations & cash flows.
-I really don't like MPT. Markets aren't efficient and investors don't act rationally. And a number (Beta) doesn't measure risk. I think most of us would agree with Warren Buffett on this issue.
-Asset/liability matching is a great idea. It's always wise to forecast out obligations & cash flows.