Didier Darcet
11 February 2022

Stay Rich, Not Get Rich: Part I

In September of last year, we argued an investor should accept schizophrenia for his greater good. Accept to split into three characters, not communicating with one another, each with individual objectives, a team of specialists, and investment horizon. We coined these three characters the Speculator, the Moderate Investor, and the Rentier.

The Rentier is neither a speculator nor a tactical asset allocator. They wish to stay rich - not get rich.

Last week, we highlighted an investment solution to the Rentier: The Bond-Like portfolio.

This week and next, we dig deeper into the mystery of Bond-Like.