Most portfolios that promise high returns take on an excessive amount of risk. Black swan events like the 2008 financial crisis and the COVID-19 pandemic have highlighted the devastating impact this can have on the typical portfolio. But is there anything the average investor can do differently? In Risk Parity: How to Invest for All Market Environments, a veteran investment advisor delivers a roadmap to achieving equity-like returns with less risk. Drawing on decades of experience managing billions of dollars, the author explains how traditional risk management approaches give up potential returns yet still leave portfolios vulnerable to catastrophic market events. He then shows how investors can do far better with a more balanced portfolio that is less susceptible to shifting economic environments. You'll discover how a simple, passive approach to allocating risk across equities, commodities, Treasury bonds, and Treasury Inflation Protected Securities (TIPS) can produce a reliably diversified portfolio that anyone can access. Perfect for both individual and professional investors, Risk Parity: How to Invest for All Market Environments is the ideal resource for anyone seeking a more consistent, less volatile path to earning attractive expected returns over the long run.
