Search found 3 matches

by gasserma
Sun Jun 18, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Guyton-Klinger Portfolio Management Rule Confusion
Replies: 11
Views: 869

Re: Guyton-Klinger Portfolio Management Rule Confusion

The paper from Guyton-Klinger you quoted is quite old (2006). The authors were exploring ideas by then, some of them really good (e.g. guardrails and capital preservation / prosperity rules), others more dubious (e.g. PMR rule, inflation rule). I would suggest you focus on more recent writings of t...
by gasserma
Sat Jun 17, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Guyton-Klinger Portfolio Management Rule Confusion
Replies: 11
Views: 869

Re: Guyton-Klinger Portfolio Management Rule Confusion

Lots of people have done programmatic back-testing with Guyton-Klinger decision rules and never run into a non-theoretical problem with them when using real world data. But you can modify the rules any way you want; there's nothing saying they are written in stone. The problem exists even without e...
by gasserma
Fri Jun 16, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Guyton-Klinger Portfolio Management Rule Confusion
Replies: 11
Views: 869

Guyton-Klinger Portfolio Management Rule Confusion

Hi Folks, I have a question about an interpretation of the Guyton-Klinger portfolion management rule. Here is the paper in question: http://cornerstonewealthadvisors.com/wp-content/uploads/2014/09/08-06_WebsiteArticle.pdf That pdf isn't ctrl+f'able so searching through it is hard. If anyone has a be...

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