Backgrounder: The long and short of it

Portfolio Construction Forum | 19 August 2016

Irrespective of your personal perspectives on time and personality biases, managing the fundamental frictions between the long- and short-term is an important challenge. Like the instinctive urge for animals to migrate, so too in society is there an inexorable, headlong rush through life, interspersed with the need to stop and feed, some for a short time, others for longer.

For portfolio construction practitioners, the task is encapsulated...