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Goodhart's Law and Investment Returns

By Jeff Speakes
Tuesday Jan 3, 2012

In a terrific book published last year, Antti Ilmanen1 has investigated the drivers of investment returns from a number of angles including asset class (that is, equities, fixed income, commodities), investment strategy (value, growth, momentum, leverage, carry), and risk driver (exposure to economic growth, inflation, liquidity). The basic idea is that you obtain strong investment… Read more