If anyone is interested in understanding why LI works and more about Risk Parity / portfolio construction for the next 10 years this is a good overview. I’m amazed that the big guys only target 5% return each year and if you look at Resolve Asset Management returns that’s basically what they do in their funds. They are globally diversified accross multiple asset classes which brings returns down and manages risk.
https://www.youtube.com/watch?v=YDDn79QDxE8
Cheers,
MV