In this episode, Mark talks about how you can not and should not follow historical norms. If you are appropriately allocated in your portfolio you should never be worried about a correction. Do you sell and chase the things that are doing well? No. Do not chase high performing investments. An investment policy statement is crucial - a document drafted between a portfolio manager and a client that draws out investment. You invest in businesses via vehicles: aka mutual funds and ETFs. You have businesses in them but the vehicle doesn’t allow you to be flexible and there is no transparency. Rebalancing your portfolio is incredibly important. 

October 24, 2017

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