Quick question for anyone -
I’m of the understanding that HC, when it’s volatile but uncorrelated with financial markets, should essentially be trated the same as in the case of the tenured university professor with secure HC. Essentially, treat it as a FI asset and tilt your financial portfolio mroe toward equity. Only difference would be that you’d try to take less overall risk with your financial assets as this HC is afterall still risky.
This understanding correct? Any other imput people have?