Asset Allocation 

Implementation failures

Chris Dillow

Chris Dillow

Investing is applied social science. Everything you do is a test of particular hypothesis. Holding equities tests the theory that the equity risk premium should be positive. Buying tracker funds tests the idea that the efficient market hypothesis isn’t grievously wrong. Buying housebuilding stocks tests the hypothesis that cyclical risk pays off in normal times. And so on.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now