Yogi Berra, while sitting down at a pizza restaurant, was reported to have said, “You better make it four slices. I don’t think I could eat eight.” Replace “pizza” with “asset allocation pie chart” and we think Yogi was actually on to something. Ask any investor to think about asset allocation, and pictures of pie charts sliced into numerous colorful slivers come to mind. While there are benefits to viewing asset allocation this way, there are also major drawbacks.
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