(no subject)
I am an accountant. Boring is what I do. So why on earth do I instantly fall asleep when I see something like this?
Dimensional launched its first fixed income portfolio in 1983, built around Eugene Fama’s empirical research covering the relationship between forward rates and the expected returns of bonds with different maturities. With the idea that short-term, high-quality fixed income is a good hedge for inflation, the portfolio was named the Dimensional Inflation Hedge Portfolio. In the decades since, it has been renamed the Dimensional One-Year Fixed Income Portfolio.
Please note that, as an investment advisor, I really do need to both understand *and* convey to people how bonds work. I seek out training in it. That conference I went to in Charlotte last Fall was on this topic. Yet, even though I really want and need to pay attention, my mind starts skittering away anytime someone says the words "yield curve".
What is this madness?
Dimensional launched its first fixed income portfolio in 1983, built around Eugene Fama’s empirical research covering the relationship between forward rates and the expected returns of bonds with different maturities. With the idea that short-term, high-quality fixed income is a good hedge for inflation, the portfolio was named the Dimensional Inflation Hedge Portfolio. In the decades since, it has been renamed the Dimensional One-Year Fixed Income Portfolio.
Please note that, as an investment advisor, I really do need to both understand *and* convey to people how bonds work. I seek out training in it. That conference I went to in Charlotte last Fall was on this topic. Yet, even though I really want and need to pay attention, my mind starts skittering away anytime someone says the words "yield curve".
What is this madness?