Review Detail

A good presentation but I'm unconvinced about commodities because I think the data series for commodities isn't long enough. I realize it's a bit longer than REITs and a lot longer than emerging markets, but my research suggests that to make commodities seem like a useful part of the portfolio so much depends on the 1974-75 time frame that I find it unconvincing. Also, the GS index is 70% oil, so really commodities as shown here are pretty much an oil bet. Inflation could go up while oil goes down.