What I read last week...
Finance & Markets
Since the inception of risk parity as a method to allocate capital between different asset classes by Ray Dalio, it has become the core of many investment strategies. There is a variety of parameters, which influence the performance of risk parity strategies. Follow the link an find out how big the spread between these strategies was as of late.
Deep value stocks have been punished during the latest market rout. This article provides some context of how “cheap” they appear lately.
Seth Klarman wrote one of the most sought after books in finance. Here are some of the timeless insights it provides.
A volatile market environment sometimes suggests that particularly complex asset allocation strategies are needed. Oftentimes the opposite is the case. Jonathan Clements provides a good starting point for the portfolio construction of individual investors.
Business & Strategy
E-sports’ culture is growing rapidly for years now and game publishers have profited generously. In contrast to other popular sports, the e-sport teams struggle to take their “fair” share of profits.