- Wealth PMS
A lot of questions have come in about how to allocate money to stocks or bonds or anything interesting. Here's a structured way to look at it. (Warning: Long post!) First, the Concept: Outperformance? Markets tend to be efficient in many ways. News comes in about a stock, and typically the market reacts very fast to that news. You can beat the market in three ways, and these remain the ones that even efficient market folks cannot really explain. The first is value. You buy based on an idea that there is a lot more value in . . .