6 Dec
2021
6 Dec
'21
1:13 a.m.
On 12/5/21, Gunnar Larson <g@xny.io> wrote:
Digital Assets: Beauty Is Not in the Eye of the Beholder
" ... When recommendations by some consultants and the allocation of TIMBER by Harvard University’s endowment led to broad interest in the asset. Timber funds were launched with the understanding that they provided diversification and enhanced returns. Our analysis showed that timber did not add any value to our clients’ portfolios, and we recommended against investing in timber funds." -Goldman Sachs Investment Group (June 2021): https://drive.google.com/file/d/1yEQupX1a7VS4K6N018Y0SF_0v4lpJWz8/view?usp=d...
Underperformed one sink of the FED commodity by at least 210%, and barely beat real measures.