While skimming the pages of a national newspaper recently, I came across an interesting article explaining the current rush of investors to buy woodlands - more for pleasure than to exploit any commercial potential.
Now, we know the global economic crisis has been knocking investor confidence, but it does strike me as a little barmy that, particularly in this climate, people are pouring money into weird and wonderful exploits rather than using sound investment models. Worryingly, there now appears to be a strong move towards all sorts of alternative products and fund solutions which could undermine confidence in more reliable, traditional models. Modern portfolio theory is, at one level, quite simple. An investment portfolio should be made up of a range of non-correlated asset classes, based on an ...
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