"We have suggested as a fundamental guiding rule that the investor should never have less than 25% or more than 75% of his funds in common stocks, with a consequence inverse range of 75% to 25% in bonds. There is an implication here that the standard division should be an equal one, or 50-50, between the two major investment mediums."
-Ben Graham on asset allocation
You can argue with the min or the max but the Ben Graham comments focuses on an important aspect of asset allocation - setting boundaries. Moderation is one best lessons to learn for asset allocation. A rules-based system can ensure that this done effectively.
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