Challenging "stocks for the long run" means proposing an alternative, even for retail investors with a long time horizon and low risk aversion, that goes beyond the (simple) "100% stocks" approach. This is why, in my latest blog posts, I presented my ideal asset allocation as of October 2026 _(i.e. my model port ...
Retrospectives
Challenging "stocks for the long run" means proposing, even for the retail investor with a long time horizon and low risk aversion, an alternative that goes beyond theWhen I was in my fourth year of high school, I bought my first shares: a few hundred dollars split between Alibaba and Intel, knowing nothing about passive investing and with the attitude of a teenager trying to make the very little savings from a few years of random casual jobs.
During my first years of Engineering, I started getting interested in markets and discovered the existence of ETFs. As a natural c ...
We would love to say that we are writing these lines while sitting on a Chinese high-speed train, travelling from Fenghuang to Shanghai at 350 km/h and eating xiaolongbao ordered on Alipay with just a few clicks.
The truth is that I (Giacomo</ ...
I have always been attracted to the concept of "using leverage", meaning amplifying one's time, resources, and abilities. In fact, only a few weeks ago, I explored the use of leveraged ETFs to improve a portfolio's risk/return profile and gain more exposure to risks "rewarded" by the market, trying to "demystify" all the common ...
We are what we repeatedly do (Aristotle)
Last Wednesday, I went out for my daily easy run at 6 a.m.; at kilometre 5, I started listening to a podcast about GDP-based investing. I got home and, afterI've always enjoyed taking notes, keeping track of what I study and archiving everything I read. Until a few years ago, all of this came down to clean notebooks stored in an orderly bookshelf. As I grew up, I gradually dropped pen and paper and, since I bought an iPad,I've fully converted to digital.
This big change, besides saving me time and money at the supermarket, forced me to completely rethink ...
Necessary premise: in this article I am deliberately playing devil's advocate: despite the tragicomic tone, I do believe that the revolution in question has brought many more benefits than anything else, with at least $n$ positive externalities for every harm mentioned.
An exercise in style
Last week I read a comment on YouTube asking, provocatively, _"how has your life gotten worse since AI came along ...Disclaimer: this is not financial advice.
A few chapters later, you learn the importance of diversification: if a stock goes down, the bond usually goes up.
By ...
Wall Street is the only place that people ride to in a Rolls-Royce to get advice from those who take the subway (W. Buffet)
Lesson 0 of personal finance teaches that stocks are risky and bonds are safe.A few chapters later, you learn the importance of diversification: if a stock goes down, the bond usually goes up.
By ...
Since 2022, interest in the term “AI” has increased by 2500% (Google Trend) but, even though this topic is very close to my heart, I have always preferred not to speak out about it, partly because I didn't feel I had much relevant to add, and partly because, both on LinkedIn and in the name of a casual newspaper, the ...
Sunday, April 12, two years after my last race, I ran my second marathon.
I would like to say that standing on the starting line was the conclusion of a long journey of preparation and sacrifices that lasted months; the truth is that, just over a month ago, encouraged by my uni's friends and hyped by the idea of running my "home" ma ...
I would like to say that standing on the starting line was the conclusion of a long journey of preparation and sacrifices that lasted months; the truth is that, just over a month ago, encouraged by my uni's friends and hyped by the idea of running my "home" ma ...
_An article exceptionally co-written: Giulia, whom you will meet shortly, and I have had strong fights discussions on this topic._
The paragraphs were written separately to preserve two distinct visions. It is up to the reader to figure out who wrote what.
PS: If you like Giulia, check out her Substack.
Polimi ...
Watch Out for the Tram!
I remember my first week in Zurich very well. At dinner with a friend, also a student who had moved to the same city more than a year prior, I confessed: "I'm still in the phase where everything seems wow to me".He replied quite naturally and ironically: "Don't worry, for me this phase has lasted a year and shows no signs of ending". Almost six months later, despite know ...
Tendinitis and giant slalom
A few days ago, an annoying pain appeared in my Achilles tendon, probably the result of a slight mechanical overload from running and cycling training. No big deal, I told myself, I'll just rest in the gym to stretch for a few days. But as I was walking home in a terrible mood, figuring out when I could run again, I remembered the riddle with which <a target ="_blank" href="h ...I have no regrets, no remorse, only sometimes...
One of my major goals since enrolling at university has always been to maximize the return on my time. Having found myself in highly stimulating and intellectually rich environments, both at Politecnico di Milano for three years and, for a few months now, at <a href="https://ethz.ch/en.html" target= ...Necessary premise: in this article I might appear more extreme and hyper-rational than I actually am. I’m still a human being, unfortunately I too give in to material temptations and often find myself spending with pleasure. Enjoy!