Long-Horizon Investment Planning in Globally Integrated Capital Markets

Abstract

The complexities of long-term planning can seem overwhelming, especially given today’s global multiasset, multicurrency investing environment. But a rigorous, forwardlooking, comprehensive tool built on the multifaceted drivers of asset returns—leavened with a dose of humility—has been developed. Such a “capital-markets engine” can drive forecasting by integrating mathematical rigor with a worldwide perspective and an acknowledgment of the unknowables that are inescapable in investing.