! Using Asset Allocation for Protection and Growth
Charles Rotblut, CFA is a vice president at AAII and editor of the AAII Journal. Follow him on Twitter at twitter.com/CharlesRAAII.
David Darst is a managing director and chief investment strategist of Morgan Stanley Smith Barney. He is also the author of “The Little Book That Saves Your Assets: What the Rich Do to Stay Wealthy in Up and Down Markets” (John Wiley & Sons, 2008).


C from RI posted over 5 years ago:

David Darst is a light-weight.
There is nothing here you can't find in a 20-year old text on invesintg. But note his starting off with the notion that you need the 'council' of an 'expert' ( like him ? don't make me laugh )

What he says that is more true than false is trite in the extreme. His talk on correlation is painfully naive given the inherent instability of asset return correlations over time.

He avoids any talk about the relevance of valuation becasue he knows good valuation skills are difficult to acquire and he does not have them. Don't waste your time reading this guy's book or listening to him. For God's sake don't invest with him. He offers no value-added insights, he simply exploits the ignorant and the desparate.

Thomas from PA posted over 5 years ago:

I think the article was well written and useful for those of us that do not read financial textbooks.
There were a lot of helpfull reminders for me. I do not use a financial planner and these discussions are very useful forme

Stephen from NY posted over 5 years ago:

I agree that Darst says a lot of meaningless things; very little is actionable.

I have seen him in person many times and consistently walk away disappointed.

William from TX posted over 5 years ago:

darst used to be a branch manager of a Goldman Sachs brokerage office. asked about some of the then current GS stock research, he said "I never buy stocks, only T-bills". Of course, the yield at that time was much higher.

Vaidy Bala from AB posted over 2 years ago:

There are many textbook ideas discussed, thanks. My question is how does an individual investor find their Asset Allocation(AA) is sub, optimum, super optimum in some easily understandable terms? This seems to be a muddled area with different non practical ideas. I wish someone will elaborate what constitutes a workable AA and how to tweak it to confirm to initial set up. Any HELP?

thanks for reading

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