Asset Rotation: The Demise of Modern Portfolio Theory and the Birth of an Investment Renaissance

PREFACEWe Stand on the Precipice of an Investment Renaissance

“The Renaissance was a rebirth of man’s life on earth. Freed from the shackles of authority, man’s mind was viewed as able to understand the universe. Far from being a tortured soul trapped in a deformed bodily prison, man was regarded as rational, beautiful and heroic—worthy of happiness and capable of great achievement. Man, in the Renaissance view, need not bow down in passive resignation, praying for salvation. He can choose to undertake great challenges in the face of seemingly impossible odds; he can actively pursue success, fight for victory—even slay a giant.

“Michelangelo’s David is the best expression of this Renaissance sense of life. The sculpture was inspired by the story of the young shepherd boy who chose to fight a far stronger adversary in order to save his people from invasion. Wearing no armor, with a sling as his only weapon, David defeats Goliath using superior skill and courage.”

—Lee Sandstead (renowned art historian)

The Renaissance Period spanned from the fourteenth to the seventeenth century and is remembered by historians today as a period of scientific, cultural, and philosophical enlightenment. At the beginning of the Renaissance, it was widely believed that the world was flat and that the Earth was the center of the universe. Throughout this period, widely accepted conventions were challenged that led us to a world of new discoveries and innovations. Without the likes of William of ...