Nesbitt: Asset allocation determines returns more than manager selection
Steve Nesbitt · Stephen Nesbitt – Innovation in Private Markets for RIAs (EP.410) · Oct 7, 2024 · at 7:59
Stephen Nesbitt reflects on the foundational investment philosophy of Wilshire Associates during his 20-year consulting career there.
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“Success there was on the premise that we spend 90% of our time on manager selection, but really it's asset allocation that's going to determine returns.”
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