All-weather strategy, why can it sustain long-term passive investing?

Recently, I organized 10 classic lazy investment portfolios and found a very interesting commonality:

The portfolios that can truly last long-term are often not based on betting on a specific direction, but on asset allocation.

For example, the 60/40 stock-bond portfolio, permanent portfolio, Ivy League portfolio, Yale endowment fund portfolio, they seem different on the surface, but their underlying logic is very similar: not predicting the market, spreading funds across stocks, bonds, gold, commodities, cash, and other assets.

This is also why I’ve been paying more attention to “all-weather allocation” recently.
It’s not about trying to be the top performer every year, but about ensuring the account doesn’t rely too heavily on a single asset.
When the market is good, equities participate; during market volatility, bonds, gold, commodities, and other assets help diversify.

But the problem is, it’s actually quite difficult for ordinary people to do this themselves.
How to set the proportions? When to rebalance? Are you willing to sell when gains are high? Dare to buy more when prices fall? What exactly to buy in each asset class?
These things seem simple, but actually implementing them tests discipline.

So I increasingly feel that ordinary people don’t need to pursue complexity in financial management.
Compared to chasing hot topics today and switching directions tomorrow, it’s more important to first think clearly: what roles do your different funds play?

Money needed in the short term should prioritize liquidity;
Money not needed in the medium to long term can be considered for appropriate allocation;
Money that can withstand volatility should be used to participate in equity opportunities.
Lazy investing isn’t about lying flat and doing nothing, but about clarifying your account structure in advance.

Which funds seek stability, which funds seek flexibility, which funds are for defense, and which can be left untouched for the long term.
Once the account has a structure, your mindset will be much more stable when market fluctuations occur.
#股票交易挑战最高赢17000U