Patrick Ling 
Every now and then, something would come along to test the robustness of our investment approach or philosophy. For 2020, that something turns out to be COVID-19 or the Coronavirus Disease 2019. It started out fairly benign. The consensus thinking was that it can be contained within China. However, all hell broke loose in the … Read more
Editor’s note: Patrick has illustrated a simple example here of how to build out your own perpetual annuity at a rate that is reasonable, safe enough (the risk parity strategy is the best suited one to protect capital among all investment strategies I’m aware of, and the numbers bear this out), and easy enough to … Read more
The Pareto principle also known as the 80/20 rule, states that, for many events, roughly 80% of the effects come from 20% of the causes. If we translate this principle to investing, it would mean that 80% of the profits come from only 20% of the trades we make in our portfolio. What this means is that most of … Read more
In my previous post on The Single Most Important Performance Driver, I said that the optimal portfolio solution is to put together multiple investment strategies that thrive in different market states. This is the multi-strategy approach. Let’s now use numbers to demonstrate how a multi-strategy portfolio is superior to individual strategies. Introducing the Hedge Fund Research … Read more
Be consistent and long-term focused. That is the adage that has always been spread throughout the community. But why? Why does being consistent matter? Why should investors not play Tai Chi with the market, reacting to its every move and chasing the best possible returns? Does it make sense to stick to a strategy when … Read more