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ReferenceTitleLink
Gibson, R.C. (2013)Asset Allocation: Balancing Financial Risk

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Foreword opening paragraphs (paraphrase)

"The author asserts that there are four powerful truths about investing:

1. The dominant reality is that the most important decision is your long-term mix of assets: how much in stocks, real estate, bonds, or cash

2. This mix should be determined by the real purpose and time of use of money

3. Diversify within each asset class - and between asset classes. Bad things do happen - usually as surprises

Be patient and persistent. Good things come in spurts - usually when least expected - and fidgety investors fare badly. "Plan your play and play your plan," say the great coaches. "Stay the course" is also wise. So setting the right course is crucial - which takes you back to number 1"


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