This year was a year where effective defense made the difference. To come out of it with positive returns, as nice as that would be, simply wasn’t in the cards without a healthy dose of risk and even more luck. To lose much less than others, or more importantly, what popular asset classes lost, was a huge victory. The question now of course is where does this leave us as we head into 2023? To answer this question, it might be most helpful to think about it within the context of time. In weather, it’s pretty well established that forecasting…
Read More
