It Was the Worst of Times: Diversification During a Century of Drawdowns

This AQR paper reminds me a lot of our tail risk white paper.  Great read!

Chart then download…

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Download PDF
Worst of Times

Website
https://www.aqr.com/Insights/Research/Alternative-Thinking/It-Was-the-Worst-of-Times-Diversification-During-a-Century-of-Drawdowns

Good investing,
Meb Faber
theideafarm.com