Wifey Jaguar Fund

The correct shorts on mega tech and dirty hedges via indexes is providing huge alpha. The macro book is net-short equities and short bonds. The monthly loss is only -36 bps. Total return is 22.8%.

Asset Allocation (Fox Portfolio)

Monthly rebalance, low turnover, tactical asset allocation program in 100% cash (USD) since 9th November 2021.

Annual Return: +10.3%
Max Drawdown: -10.7%
Largest Yearly Gain: +25.8%
Largest Yearly Loss: -1.4%
Sharpe: 1.3, Sortino: 1.9
Beta: 0.2

Long-Term, Long-Only, Unleveraged, Low Turnover

Turtle (passive multi-asset ow/ bonds), Monkey (passive multi-asset ow/ equities) & Fox (active asset allocation) with 9th Nov2021 100% cash allocation (USD) for this inflationary bear market where both bonds and equities fall L-T.

Tactical Asset Allocation Explainer

Over the long run, a strategic asset allocation strategy may seem relatively rigid. Therefore, you may find it necessary to occasionally engage in tactical deviations from the mix to capitalise on unusual or exceptional investment

Wifey Fam loading up on Zee Puts when it’s time for Number 5

Good Will Hunting 🎥📽🎬🎞🍿
Sunday movies with the family 🤝

And some think the bear is over ?

People are not psychologically prepared for 3 to 5 years of a bear market.

I am not saying this bear will last this long, I am saying it could. People would just give up, at work and in life. Nothing is impossible in this business.

Macro book is still holding the hedge

China Is About to Fall Into the Middle-Income Trap - WSJ wsj.com/articles/middl…

Would you survive if bonds and equities fell another -20% each from the recent lows? The AUM of the financial system is essentially 60/40.

This bear will take years to complete. From my models, it will be 1yr of the bear on 9th Nov 2022. How many more years of bear do we have?

“Bull market in financial markets started in 1982 and particularly the last 10 years we went into hyperdrive, all the factors that created that have and not only stopped, they have reversed”

(Stanley Druckenmiller, 3Q 2022)

Real Wifey is telling me to be nice and stop being a prick. She said I need to be more agreeable and polite. Urgh. Ok.

I’m trying to make your research time more efficient so that you can focus on the correct topics to study. Even with the research focused there is still a lot to understand and learn.

Starter pack for the newbies

CORNELL CS4780: Machine Learning for Intelligent Systems from Kilian Weinberger m.youtube.com/playlist?list=…

Advanced Asset Management
It is an advanced course in asset management (theory and applications). The course is given at the University of Evry/Paris-Saclay.
thierry-roncalli.com/RiskBasedAM.ht…