We use the Shiller CAPE Model proposed by Mebane Faber as a template for the exploration of a variety of portfolio optimization methods. By virtue of the Model's systematic allocation to the 'cheapest' markets with the highest theoretical risk premia, the model has the potential to extract high...

Retirees face longevity risk, or the risk of living longer (or less long) than expected; market risk, or the risk of poor investment returns over the retirement horizon, and finally; failure risk, or the risk of running out of money before death. The authors examine the sensitivity of these three...

The paper addresses flaws in the traditional application of Modern Portfolio Theory related to Strategic Asset Allocation. Estimates of parameters for portfolio optimization based on long-term observed average values are shown to be inferior to alternative estimates based on observations over...

Intro -- Title Page -- Copyright -- Table of Contents -- Dedication -- Acknowledgments -- Part I: The Philosophy of Successful Investing -- Chapter 1: The Most Important Concepts in Wealth Management -- Chapter 2: The Narrative Is Reality -- Chapter 3: Tightly Grouped Arrows Nowhere Near the...

The European Landscape Convention's (ELC) definition of landscape, "an area, as perceived by people...", places the public central to any understanding of landscape. This paper argues for 'just' involvement of the public and looks at how the focus of landscape as a perceived entity has been...