A well-diversified portfolio should include four major asset classes—equities, fixed income, energy, and metals—each with its own life cycle and varying correlations; allocating 25% to each provides a sound foundation, though active investors can improve returns by eliminating or underweighting 1-2 asset classes and concentrating on the best opportunities in the remaining two.

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Speaker

Louis Gave

Evidence Quote

“There's four asset classes... equities, of course fixed income, but energy and metals... If you want to rest at night, just say, you know what, I'll put a quarter in each”

Source

The Bull Case for China: The Best Opportunity Right Now? | Louis Gave— The Master Investor Podcast with Wilfred Frost
Created: 8/12/2026, 6:22:54 PM

My Notes

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