Episode 193: Musings About Private Equity, The Paradox Of Skill, Volatility-Targeting Strategy, Yield Curve Inversions And Dolly Parton

<p>In this episode we answer emails from MyContactInfo (x2), Chris, and Andrew.  We discuss &quot;The Myth of Private Equity&quot; by Jeff Hooke,  the paradox of skill and how it is applied in garden-based portfolio construction, volatility targeting as a decision making mechanism for investing and my gout, my podcast musical selections and the security of the Golden Ratio portfolio.  And we throw in a yield curve inversion video.  We do it all here.<br/><br/>Links:<br/><br/>The Myth of Private Equity book:  <a href='http://cup.columbia.edu/book/the-myth-of-private-equity/9780231198820'>The Myth of Private Equity | Columbia University Press</a><br/><br/>Interview of Jeff Hooke:  <a href='https://www.youtube.com/watch?app=desktop&amp;v=QLl2i1PHetc'>361 – Jeff Hooke, Johns Hopkins - The Myth of Private Equity - YouTube</a><br/><br/>Paradox of Skill Article:  <a href='https://fs.blog/the-paradox-of-skill/'>The Paradox of Skill - Farnam Street</a><br/><br/>Primer on Volatility Targeting:  <a href='https://quantpedia.com/an-introduction-to-volatility-targeting/#:~:text=Volatility%20target%20is%20the%20level%20of%20annual%20volatility,the%20performance%2C%20smooth%20volatility%20is%20easier%20to%20predict.'>An Introduction to Volatility Targeting - QuantPedia</a><br/><br/>Interview of Campbell Harvey re Yield Curve Inversion:  <a href='https://www.youtube.com/watch?v=X2-r-8t7R0s&amp;t=22s'>Predicting Economic Activity with Yield Curves - YouTube</a></p><a rel="payment" href="https://www.riskparityradio.com/support">Support the show</a>