Portfolio Allocation in Times of Volatility and Uncertainty
Many folks commenting in this forum and in the blogosphere have often asked about my portfolio allocation of savings and wealth: a grossly incorrect presumption has been made and repeated that I have been fully invested into equities. To clarify what my portfolio allocation is see what Felix Salmon recently reported on his Market Movers blog (he most recently moved his blog to Reuters):
The Roubini Portfolio, March 16, 2009
Is Nouriel Roubini really 100% invested in equities, as Eddy Elfenbein and John Authers think? I asked him directly, and of course it's a bit more complicated than that.
Roubini, as a professor at NYU, has a 401(k) -- and that is invested in a broad range of domestic and international equities. Whatever percentage of his NYU salary that Roubini puts into his 401(k), then, will indeed be allocated 100% to equities. But apart from that, Roubini is 100% in cash. He's a boldface name these days, in high demand as a speaker around the world, and all those speaking fees -- which I should imagine add up to a substantial sum over the past three years or so, and which undoubtedly dwarf his 401(k) contributions over the same timeframe -- have gone into nothing but cash.
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