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"For U.S. short-term reserve returns, we used the Ibbotson 1-Month Treasury Bill Index from 1926 through 1977 and the Citigroup 3-Month Treasury Bill Index thereafter."
It's nice they inform us of that. However, all 9 of their suggested models contain 0% allocation to short-term reserves.
Comments
Regards,
Ted
http://www.businessinsider.com/warren-buffett-on-risk-and-volatility-2015-4
It's nice they inform us of that. However, all 9 of their suggested models contain 0% allocation to short-term reserves.