The Problem With Alternative Investing
The funds are misused.
Good Intentions, But a Very Warm Path
Alternative investments make much sense in theory, but the practice is wanting.
Finance classes teach about the vendor who brings umbrellas to her lemonade stand. If the weather is fair, she sells drinks; if not, she hawks umbrellas. Either way, she does business. (If the vendor lived in Chicago, she would offer gloves as a third asset, to sell on the cold, clear days, but, as she resides on a desert island, the two items suffice.)
John Rekenthaler does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.