A Quantitative Approach to Tactical Asset Allocation
Description:
Timing,” which introduced a basic market-timing strategy. We circulated it among various friends and professionals but quickly found that no one was particularly interested in reading it. Eventually, we changed the title to “A Quantitative Approach to Asset Allocation” and published it (Faber [2007]), and shortly thereafter, the world was rocked by the global financial crisis. The strategy detailed in our paper performed admirably in the turmoil. Likely because of the performance of this simple system,“A Quantitative Approach to Asset