A new look at the old Efficient Frontier

摘要

While there are an unlimited number of publications covering the advantages of portfolio diversifica-tion, few of them explore the advantages of trading commodities along with typical stock, bond and real estate investments. It is even more rare to find theory on diversifying within a commodity portfolio. Although fund managers are very aware of the importance of diversity, speculators often overlook its value. As we have all come to realize, you can't expect consistent success by being a conformist.