John,I read the book. He makes a case for the advantages of an asset allocation approach to investing versus stock/mutual fund picking for the average investor. His assertion is the average investor is at a disadvantage in stock or mutual fund selection because professionals have superior knowledge(and even they fail regularly to beat the market), but has an advantage in asset allocation, because an individual does not have to answer to shareholders when shifting high performance assets to lower performing assets to rebalance.I thought it was interesting and worthwhile reading, but I would imagine that those interested in market timing or stock selection would not agree with his suggested approach.Geary
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