Combining Rotation and Timing, In Europe

One of the benefits of writing a blog – readers from around the world take your research, verify/disprove it, improve it, and take it in new directions.  Thanks to PC for the following charts.  Monthly data (and from the looks of it excludes Tbill yield when sitting in cash).

Andrew Bary writes a Barron’s cover article on the endowments and no mention of They Ivy Portfolio?  Shame on you Andrew.