Report Detail Summary

Asset Allocation: A Beta Strategy ( Part III)

March 02, 2020

We are on a journey to develop a framework general enough to analyze how shocks to specific industries, the local economy, and the global economy impacts assets rates of returns. An economic approach is appealing to a top down macro strategy for the simple reason that may be incorporate how policy changes alters an industry or the economy’s output responsiveness , something that would not feasibly using the alternative approach, i.e. the CAPM. Parsimony is one of the guiding principles of most macro strategies. To that end, we attempt to make the least number of assumptions necessary to develop a framework that provides us with the simplest and most logical explanations for the economy’s response and adjustments to different shocks, whether they are caused by nature (such as natural disasters) or man-made ( the result of economic and political changes in the global or local economies). Such a framework helps us make consistent choices ,based on the information at hand.

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The ValueTiming™ strategy is based on the assumption that politicians and policymakers have particular views of the world, and that they will in general adopt policy measures that are consistent with these views.

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