INVESTING IS ABOUT WISDOM

BY GEORGE P. STASEN, CO-EDITOR

Introduction

Most asset allocation models rely on historic performance and the performance relationship between alternative asset classes (i.e. stocks, bonds, and cash).  There is, however, a basic problem with the methodology:  markets change, market relationships change, and historic market relationships seldom repeat in the future.  History is a good teacher, but a poor leader. Continue reading “INVESTING IS ABOUT WISDOM”