History shows you don't know what the future brings.— G. Richard Wagoner, Jr.
Colossal Asset Allocation quotations
The most important thing you can have is a good strategic asset allocation mix.
So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets.
You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.
The most important key to successful investing can be summed up in just two words-asset allocation.
I don't often know where my ideas come from.
Maybe it's the fact that I'm obsessively regimented in my analysis, borderline autistic. But whether it's bond selection or asset allocation, we can do it better than just about anybody around.
We live in a very risky world and investors should not get "carried away" with excessive allocations to equities, or for that matter, real estate. As always asset allocation and low cost and broad diversification will be essential in earning one's fair share of whatever returns our financial markets are generous enough to bestow upon us.
The difference between success and failure is not which stock you buy or which piece of real estate you buy, it's asset allocation.
An asset allocation plan is based on your personal circumstances, goals, time-horizon, and need and willingness to take risk.
We attracted a lot of market timers and asset allocators.
I don't need those ... amateurs in my fund.
The conventional asset-allocation method is like sheet music.
It is prescribed, it has right answers and wrong answers and it sounds about the same every time. But jamming is different. Jamming is when you make the music. When you improvise and adapt to conditions. When you are creative.
The best measure of how a democracy is functioning is how it allocates the goods of the land, the public trust assets.
We can extrapolate from the study that for the long term individual investor who maintains a consistent asset allocation and leans toward index funds, asset allocation determines about 100% of performance.
On average, 90 percent of the variability of returns and 100 percent of the absolute level of return is explained by asset allocation.
We allow it to be dumped into this community asset, which is our one and only atmosphere. So that has to change, and there's really only one entity that can do that. So we have proposed a cap-and-trade system to stop that unlimited pollution, to use the forces of the market to efficiently allocate scarce permits to allow CO2 into the atmosphere. That's just one of 500 things we need to do, but it's probably the granddaddy of them all.
The most striking thing about Graham's discussion of how to allocate your assets between stocks and bonds is that he never mentions the word "age".