When Religion Attacks Itself
Religion has always influenced economics and geopolitical events. For nearly two hundred years, the emperors of the Eastern Roman Empire, known as Byzantium, had followed the traditions of just placing [...]
QUESTION: You do not believe in wide diversification?
ANSWER: No. Wide diversification is only required when the investor does not have a clue about what is going on in the markets. We have asset allocation models for Institutions who simply believe they must have some diversification. The main objective is to limit the areas they will take losses on because of diversification. Why buy government bonds when you know we are at a 5,000 low? I am sorry, but sometimes the allocation to a particular segment should be ZERO!