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I am glad the author began by pointing out the diversity of RP managers because years ago I think this was a common misunderstanding: that they all did things the same way.
It has always surprised me that some people find RP difficult to understand but then again, financial professionals often have a way of making simple things sound complex, perhaps for very dubious reasons. The author attempts to define RP here, and although what he says is correct, it fails to address the key to RP: why leveraging/de-leveraging asset classes helps to equalize their returns and risk. (Admittedly, that cannot be summarized in one sentence.)
Also glad that the common criticism “risk is not volatility!” was not mentioned. Hopefully that indicates that by now people realize that price swings do represent risk for many investors.
Finally, I think one of the easiest ways to screw up a RP portfolio is by failing to properly diversify. For example: equities are equities. Don’t start thinking that small-cap and large-cap are two different asset classes that can diversify one another. That type of thinking works in a traditional pure equity portfolio but not in an RP portfolio!

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