Global Asset Allocation

Global Asset Allocation

Review Global Asset Allocation: A Survey of the World’s Top Asset Allocation Strategies

by MEB FABER

Description

This begins with a brief but detailed history of the chronological performance of well-known assets such as bonds, cash, and stocks. It considers the implications inflation does on the money. The author then analyzes how diversifying assets can lessen the intense drawdowns of risky assets. 

From an overview of stocks, Faber proceeds to examine the historical performance of thirteen assets by calculating its returns since 1973. These portfolios include the Endowment portfolio and more. 

Like Meb Faber’s other books, this one contains great content with detailed examination and analysis of various assets. Readers can definitely get insight from Faber’s writing, especially when it comes to analyzing the rate of returns of well-known stocks. Like his other books, this one is brimming with insight into the trading industry. Some of these insights include a bit of advice to not hold cash for the long-term, which is dedicated to a one-chapter discussion. The book contains much critical advice on trading and various assets, which is valuable enough on itself. 

About the Author

MEB FABER is the Chief Investment Officer and co-founded Cambria Investment Management. He is the manager of Cambria’s ETFs, private investment funds, and separate accounts. He is the author of three books, including Shareholder Yield. He is a speaker and writer with a focus on investment strategies. He has been featured in many publications, including The New York Times and The New Yorker. He graduated from the University of Virginia with two degrees, Engineering Science and Biology. 

Table of Contents

INTRODUCTION

CHAPTER 1: A HISTORY OF STOCKS, BONDS, AND BILLS

CHAPTER 2: THE BENCHMARK PORTFOLIO

CHAPTER 3: ASSET CLASS BUILDING BLOCKS

CHAPTER 4: THE RISK PARTY AND ALL SEASONS PORTFOLIOS

CHAPTER 5: THE PERMANENT PORTFOLIO

CHAPTER 6: THE GLOBAL MARKET PORTFOLIO

CHAPTER 7: THE ROB ARNOTT PORTFOLIO

CHAPTER 8: THE MARC FABER PORTFOLIO

CHAPTER 9: THE ENDOWMENT PORTFOLIO: SWENSEN, EL-ERIAN, AND IVY

CHAPTER 10: THE WARREN BUFFETT ASSET ALLOCATION PORTFOLIO

CHAPTER 11: COMPARISON OF THE STRATEGIES

CHAPTER 12: IMPLEMENTATION (ETFS, FEES, TAXES, ADVISORS)

CHAPTER 13: SUMMARY

APPENDIX A: FREQUENTLY ASKED QUESTIONS

APPENDIX B: THE TOBIAS PORTFOLIO

APPENDIX C: THE TALMUD PORTFOLIO

APPENDIX D: THE 7TWELVE PORTFOLIO

APPENDIX E: THE WILLIAM BERNSTEIN PORTFOLIO

APPENDIX F: THE LARRY SWEDROE PORTFOLIO