Asymmetric Investment Returns Resources articles

The Importance of Asset Allocation - Roger Ibbotson

 

The Importance of Asset Allocation Roger Ibbotson.pdf

 

Surprisingly, many investors mistakenly

believe that the BHB (1986) result (that asset allocation

policy explains more than 90 percent of performance)

applies to the return level (the 100 percent

answer). BHB, however, wrote only about the variation

of returns, so they likely never encouraged

this misrepresentation.