High Yield Strategies - Elegant Design by Chris Brightman, Vitali Kalesnik and Engin Kose, Research Affiliates
Key Points
- The AND principle holds that creative product design can surmount some trade-offs that conventional thinking considers unavoidable.
- Simple investment strategies are easier to govern than complex ones and may be less likely to result in catastrophic outcomes.
- A simple new design demonstrates that income-oriented indices need not trade off yield for capacity and quality.
“When you first start off trying to solve a problem, the first solutions you come up with are very complex, and most people stop there. But if you keep going, and live with the problem and peel more layers of the onion off, you can often times arrive at some very...
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