RoI is everything - abstractions are distractions

Andrew Clifford | Platinum Asset Management | 22 August 2018 | 0.50 CE

Institutionally-designed portfolios can be puzzling. Examples include adherence to benchmarks, over-diversification across managers, obsession with sectoral exposures like infrastructure or real estate and macro guessing-games. We are all forced to invest to get a return on our savings, but as an industry we have overcomplicated this and at times not delivered. The best future proofing possible is to understand what your holdings ...