Eight Rules Revisited #5: The rule i got half wrong
Pre-order Wealth by Design HereThis one is different. Of all the rules in the series, Rule 5 is the first where Stuart admits he has genuinely changed his mind, not refined a nuance, but rethought the core idea.In Investopoly, he taught the textbook approach: blend negatively correlated assets to smooth out portfolio volatility, the classic diversification playbook most investors are told to follow. Eight years and a lot of evidence later, Wealth by Design makes a different case. The real risk controls, he now argues, aren't clever correlations at all—they're quality and price. Own…
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