Table of Contents

CONTENTS

Foreword

Preface

About the Author

Introduction: You Can Do Better

• 1: In Search of the Upside
• 2: The Case for Cyclical Asset Allocation
• 3: Thinking in Cycles
• 4: Tax Tips
• 5: Linking Up
• 6: To Start, a Benchmark
• 7: Taking It to the Tilt
• 8: The Cyclical Asset Allocation Strategy's Versatility
• 9:Active versus Passive Management
• 10: Location, Location, Location?
• 11: Eye on Elasticity
• 12: Keeping the Wheels on the Hedge-Fund ATV
• 13: Market Timing or Value Timing?
• 14: Every Strategy Has Its Day
• 15: Putting It All Together: Value Timing

Endnotes

Bibliography

Glossary

Index

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About the Author

Victor Canto, Ph.D., is founder of La Jolla Economics, an economics research and consulting firm based in La Jolla, California. He formerly served as chief investment officer of Calport Asset Management and president of A.B. Laffer, V. A. Canto & Associates.

Dr. Canto taught finance and business economics at the University of Southern California (USC) from 1977 to 1985 and has served as visiting professor at both the Universidad Central del Este, Dominican Republic, and the University of California at Los Angeles (UCLA).

He has authored, edited, or co-edited several books, including the landmark Foundations of Supply-Side Economics (Academic Press, 1983), as well as Monetary Policy, Taxation, and International Investment Strategy (Quorum Books, 1990); Supply-Side Portfolio Strategies (Quorum Books, 1988); and Currency Substitution: Theory and Evidence from Latin America (Springer, 1987). His work has appeared in the Wall Street Journal, Investor’s Business Daily, and many leading economic journals, including Economic Inquiry, Journal of Macroeconomics, and the Journal of International Money and Finance.