2015

Recently I’ve been assisting in the selection of managers for an extensive portfolio of liquid assets.

Several business projects followed by a nasty case of the flu have silenced me recently. My apologies.

Sardinia has a new currency | Tort system in the US | Asset allocation: the simpler the better? | Aging & inflation || Fondi pensione & previdenza integrativa

Markets have begun the year in a little more unsettled fashion. Or so people feel. We are not talking about anything abnormal in particular, but the sense is that there is not much to be pleased about – aside from any upcoming monetary stimuli.

This is a fascinating subject for me, not so much for its mathematical structure (which is simple and well understood) but more for its behavioral consequences. Let me clarify with an example.