Tag: Allocation

Revolutionizing Portfolio Theory: Adaptive Asset Allocation (Part 1)

Modern Portfolio Theory (MPT) revolutionized investment by emphasizing diversification to optimize portfolios. However, its application in Strategic Asset Allocation (SAA) has faced criticism due to reliance on long-term parameter estimates. This article explores an innovative approach — Adapt...

Why Toronto should transition to a new ???cash allocation basis??? of accounting for budgets

For an example of the application of the ‘cash allocation basis’, see the companion article Example: The City of Toronto 2023 budget using the ‘cash allocation basis’ of budget accounting. The new ‘cash allocation basis’ of budget accounting would allocate...