Foust

El-Erian's Recommended Allocation vs. Harvard, Yale

"I conclude the harvard portfolio to be defenitely the best, since they are best diversivied, i.e. they have the most asset classes."

There is a difference between being the most diversified (number of asset classes) and best diversified. Also, there must be some sort of distinction in the hedge fund space to fully appreciate the allocations, it is too generic and broad a category. Same with private equity (venture, buyout, etc.) and where do timber and other private real asset classes fall?

A Practical Demonstration of the Value of Portfolio Theory

and honestly Phil, you're in you're what, late 50's, early 60's? At this point, no one cares that you were valedictorian. Your career achievements should speak for themselves, but I guess you're a little insecure.

A Practical Demonstration of the Value of Portfolio Theory

Or, follow advice from an actual investment expert, Dave Swensen:

30% Domestic Equity
15% Foreign Developed Equity
5% Emerging Markets Equity
20% REITS
15% Treasury Bonds
15% TIPS