In “Chapter 4: General Portfolio Policy: The Defensive Investor” of The Intelligent Investor, Benjamin Graham introduces the concept of a portfolio policy, which is a general guide for making investment decisions.
Tag: portfolio policy
When I’ve read about investing and considered the services of investment advisory firms, I’ve often encountered the term of asset allocation.
What is asset allocation? A simple definition: it’s putting my proverbial eggs in multiple, uncorrelated baskets. For an investor, this process involves allocating investments among the big three types of asset classes: equities, fixed income instruments, and cash and its equivalents.