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How sensitive are multi-class asset allocation strategies to variations in backtesting choices? In their December 2025 paper entitled "The Multiverse Across Asset Classes: Design Uncertainty in Asset Allocations", Arnaud Battistella, Jean-Charles ...

Is Bitcoin a scarce, valuable asset or a Ponzi scheme? In his December 2025 paper entitled "The Great Bitcoin Debate: Saylor's Maximalism Versus Schiff's Monetary Traditionalism", David Krause examines the debate between Bitcoin maximalists ...

"Dominant U.S. Stock Market?" summarizes a paper that (1) examines whether a 60%+ allocation to the U.S. in the MSCI All Country World Index (ACWI) is crazy high and (2) decides maybe not. In "How Much Is Too Much? Part 2: Why 60% in US Equities ...

Below is a weekly summary of our research findings for 12/29/25 through 1/2/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what's relevant to your investing needs. Subscribers: To receive ...

As of November 2025, the MSCI All Country World Index (ACWI) allocates about 65% to U.S. stocks. Is this allocation to a single country crazy high? In the November 2025 revision of their brief paper entitled "How Much Is Too Much? Part 1: Why 60% in ...

We have updated monthly allocations and performance data for the Simple Asset Class ETF Momentum Strategy (SACEMS) and the Simple Asset Class ETF Value Strategy (SACEVS). We have also updated performance data for the Combined Value-Momentum Strategy.

The home page, Simple Asset Class ETF Momentum Strategy (SACEMS) and Simple Asset Class ETF Value Strategy (SACEVS) now show preliminary positions for January 2026. SACEMS rankings are very close for ranks 2. 3 and 4, which could change by the close.

Can investors holding gold as inflation hedge/equity crash protection improve performance of this position by holding gold (silver) when the gold-to-silver ratio is relatively low (high)? To investigate, we track the ratio of SPDR Gold Shares (GLD)

What criteria do individual investors use when deciding which stocks to acquire? In their December 2025 paper entitled "How Investors Pick Stocks: Global Evidence from 1,540 AI-Driven Field Interviews", Byoung-Hyoun Hwang, Don Noh and Sean Seunghun ...

Prior research suggests that machine learning factor models of the cross section of stock returns greatly enhance portfolio performance by: (1) expanding the dataset to include more variables; and, (2) allowing more complex (non-linear) variable ...