I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

Summary

This quote emphasizes the importance of having a strategic asset allocation strategy that takes into consideration the uncertainty of the future. By acknowledging that we cannot predict what will happen, it suggests that a well-diversified portfolio with a mix of different asset classes can help mitigate risks and capitalize on a range of potential outcomes. Rather than trying to time the market or make speculative investments, this approach focuses on long-term goals and maintaining a balanced portfolio in the face of uncertain and unpredictable market conditions.

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