Preview. Written from general knowledge to guide your reading. It's replaced by full study notes once you record this chapter.
What to listen for
- The defensive investor's basic split: between 25% and 75% in stocks, with 50/50 as the default, rebalanced when markets move.
- The bond side: what kinds of bonds and for whom (taxable vs tax-exempt).
- Listen for why rebalancing forces you to sell high and buy low without forecasting.
- Zweig: the split is about temperament and what you can stick with, not age formulas.
Record this chapter
Read it (and Zweig's commentary) aloud, or record your own takeaways afterwards. Then upload the file as ch04.m4a (or ch04-part2.m4a, ch04-commentary.m4a, ch04.txt) to your private ruleone-library repo.