Instead of concentrating on the central issue of creating sensible long-term asset allocation targets, investors too frequently focus on the unproductive diversions of security selection and market timing. — David Swensen
Category: Asset Allocation
Investing in capital markets means taking your medicine. I mean that markets have an incredible consistent habit of reminding us that over short-term periods they are wildly unpredictable. Sometimes even when you are wrong, you are right, and when you are right you are wrong. Wait is that right? Case in point the behavior of…