Daniel H

2 Conclusions on Asset Allocation with Housing

Do you have data on Houston? It's the 4th largest city....Just curious.

Performance for Harvard, Yale Endowments in 2008

Had it not been for commodities, they wouldn't have had good numbers. They got lucky this year. As commodities starting pulling back in June, they luckily quickly managed to escape the year.
The volatility is going to go up as the commodities sector gets more volatile with time.

S&P 1500 Regional Banks Index Down 33% YTD

There's also RKH

Endowment Investing 2008, Yale-Style

Thanks Mebane for your article. It's very good and to the point.

Fannie & Freddie: Affirmative Action for the Rich and Stupid

Loved the article Harry. Who ever said politics never existed in the financial markets? Not because these policy makers are not knowledgeable in the aftermath of their decisions, but because they are more self-driven by their own wellfare.
I am sick and tired of distortions in the White house, in Congress, in the media....in information that becomes public which brings nothing but failure in every aspect!

Like you said, relying on Fannie or Freddie when they are highly leveraged and not guaranteed does not make any sense. Instead of it being pure risk, uncertainty kicks in and defies its purpose. Why do they embrace this?