December 8, 2024
1 books · 10 highlights · 3 notes
The Uncertainty Solution: How to Invest With Confidence in the Face of the Unknown
John M. Jennings
“Investment algorithms are simple rules that are adopted in advance of making any investment decisions and are typically housed in a document called an investment policy statement (or IPS).”
7:00 AM
提前定好策略，按照策略做
✎ NOTE
“An asset allocation strategy. That is, the proper mix of stocks, bonds, cash, real assets, private equity, and venture capital for different types of portfolios”
7:01 AM
资产配置策略
✎ NOTE
“the most common is to rebalance when the values of the different asset classes deviate more than a set amount from the strategic allocation”
7:02 AM
“A rebalancing policy. This is the set of rules for when some investments are sold, and others purchased”
7:02 AM
再平衡策略
✎ NOTE
“Simplicity is an essential mental model when making investment decisions”
7:37 AM
“Choose inactivity over activity.”
9:21 AM
“Prefer simplicity over complexity.”
9:22 AM
“Create an investment policy statement.”
9:22 AM
“Build a margin of safety into your portfolio”
9:22 AM
“Have a “play” account.”
9:26 AM