Abstract
The author addresses several specific issues raised about the Wealth Allocation Framework in two articles: Horvitz and Wilcox, and Fowler & de Vassal. He points out that a careful reading of both articles reveals that several of the questions raised about the Wealth Allocation Framework stem from the single incorrect assumption that the risk allocation buckets are silos and independent of each other. After having corrected this misconception, the author in turn addresses several of the objections raised in the two articles. Finally, he concludes that both the Discretionary Wealth Hypothesis and the Holistic Optimization of Goals approaches are consistent with the Wealth Allocation Framework and can (under certain restrictive assumptions) be viewed as special cases of this Framework.
- © 2007 Pageant Media Ltd
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