“Risk comes from not knowing what you are doing.”
“When I look back on all these worries, I remember the story of the old man who said on his deathbed that he had had a lot of trouble in his life, most of which had never happened.”
Sir Winston Churchill
Different people mean different things by asset allocation, the jargon the fund industry uses to describe how to split your money between different areas. Some believe it describes the moving of money from one part of the globe to another. But I prefer to think of it as looking at the bigger picture, trying to spot the developing multi-year trends, and then investing accordingly. That said, it ...