Beyond Diversification: What Every Investor Needs to Know About Asset Allocation
by Sebastien Page
Foreword
THERE ARE TWO QUESTIONS I’M OFTEN ASKED ONCE I introduce myself as the head of investments at T. Rowe Price.
First, people are not shy about asking me what markets might do next or where to invest. Second, people ask how to become better investors or, more ambitiously, what makes an investor great.
On markets, I don’t have a crystal ball. None of us do. But after decades of investing, I can usually offer an answer that’s rooted in experience and informed by the research and insights of the talented investors I’m lucky enough to call my colleagues.
On what makes an investor great, most people don’t appreciate how rare truly great investors are. I have been fortunate enough to work with a number of them. I’ve learned—paraphrasing Leo ...
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