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Author: joelxwil Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75701  
Subject: Re: complexities, history of asset allocation id Date: 1/6/2013 10:28 AM
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So far as I am concerned, asset allocation is bunk. You should be in the asset classes that are moving up the most. When the momentum goes down in what you have, move elsewhere or go to cash.

Of course, if you want a "set it and forget it" approach, you can find some asset allocation scheme. But that is a terrible way to invest.

Several years ago, some idiot commentator said that market fluctuations were just "statistical noise". He never defined the term, and neither have I. But I did write a (hopefully funny) presentation about the topic.

http://www.actwin.com/kalostrader/StatisticalNoise.html
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