noLimit46/iStock via Getty Images A Second Opinion on the 60/40 Default: Just What the Doctor Ordered Asset Allocation Is Easy in Theory, Difficult in Practice In theory, growing a pool of wealth over decades—whether for a family, an endowment, or a pensioner—is a straightforward endeavor. An advisor or allocator needs to do three things: understand the goals of their client, find different ways to earn returns for taking risks, 1 and then take the right amount of risk to meet those goals. 2 Taking too ...