tag:blogger.com,1999:blog-11027528911364475.post6128876707826512526..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: Pension Plans, the Equity Market, and Irrational BehaviorJakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11027528911364475.post-82474209071438526912009-02-26T06:08:00.000-08:002009-02-26T06:08:00.000-08:00This is just plain funny: if you are going to mak...This is just plain funny: if you are going to make use of the all-powerful prescience of KNOWING that equity markets are heading lower, the LEAST EFFICIENT way of unsing that information is to "not rebalance" - why not just sell equities and buy long bonds at the outside and wait?<BR/><BR/>The whole point about rebalancing is to avoid having to make forecasts about the future returns (which the whole structure of the fund is already built upon).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-66018310305183058722008-12-02T18:45:00.000-08:002008-12-02T18:45:00.000-08:00Excellent post... thank you for writing. CateExcellent post... thank you for writing. CateKittyhttps://www.blogger.com/profile/10220962881383584047noreply@blogger.com