How Much Should Accredited Investors Actually Allocate to Alternatives? A Data-Driven Framework
TL;DR: The Yale Endowment runs roughly 60-75% in alternatives and holds only 14% in public equities. Every conference speaker I've met loves citing that number. None of them mention that Yale has a 20
Why Your Angel Portfolio Is a Coin Flip (And How to Fix It)
TL;DR: Most angels lose money. Not because they pick bad companies. Because they own too few of them. The Wiltbank and Boeker study commissioned by the Kauffman Foundation , the largest empirical d...
Why Most Angel Investors Lose Money — and the Portfolio Pattern That Changes It
TL;DR: 70% of individual angel investments return less than the original capital. Most angels who fail are not bad pickers. They made 3-5 bets in an asset class that requires 22-24 investments...
Hedge Fund Replication ETFs: The Cheaper Way Into Long/Short
Hedge Fund Replication ETFs: The Cheaper Way Into Long/Short TL;DR: On a $250,000 alternatives sleeve, a traditional hedge fund's 2-and-20 structure costs you $5,000–$10,000 more per year than a multi-strategy...