tag:blogger.com,1999:blog-8091367287813993533.post5281422992117496248..comments2023-10-22T11:30:33.581-04:00Comments on Do-It-Yourself (DIY) Investor: We're Not in Lake WobegonRobert Wasilewskihttp://www.blogger.com/profile/04536814650758511673noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8091367287813993533.post-58838268653148318472010-07-21T16:08:25.422-04:002010-07-21T16:08:25.422-04:00To me Bernstein is just saying that most people ar...To me Bernstein is just saying that most people are unaware of market history, let their emotions rule, and generally think backwards from what is required to perform well in the market. They are in the same boat as me and you if we had to remove an appendix. <br />They are however capable of learning to manage their assets but that is a whole new ball game. This is interesting in that doctors (Robert Wasilewskihttps://www.blogger.com/profile/04536814650758511673noreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-3885271573309761892010-07-21T13:38:00.810-04:002010-07-21T13:38:00.810-04:00Any article that references Bernstein is OK with m...Any article that references Bernstein is OK with me. But I think the quote misrepresented his thinking a bit. I've found that Bernstein suggests a basic asset allocation, rebalanced annually, is suitable for a self managed portfolio. Best regards, BarbBarb Friedberghttps://www.blogger.com/profile/12044519456398288988noreply@blogger.com