I came across an interesting article in the Wall Street Journal, written by Eleanor Laise, and titled Where The Financial Gurus Are Putting Their Own Money. It’s quite an interesting read on a number of fronts. Quoted in the article are Jeremy Siegel (Stocks for the Long Run), Robert Arnott (Fundamental Indexation), John Bogle (Vanguard), Muriel Siebert (brought the first national discount brokerage to the US!), and David Dremen (Dremen Value Management LLC). Each reveal some information about their personal portfolios.
It’s probably not surprising to learn that if you ask six people the same question about investing, you get six different answers for the most part. What they do have in common is patience, a long term outlook, and discipline. You’ll also note that some may have taken on large losses just like the majority of non-professional investors… :)
That’s very interest that Rob Arnott is suggesting bonds and not his Fundamental Index funds, could you hazard an reason why?
@Jordan: He’ll be the first to tell you not to put 100% of your portfolio into fundamental index funds (or any one strategy or product for that matter). All you can glean from the article is that he has boosted his own holdings in certain types of bonds, can’t really ascertain anything about his FI holdings or allocations. But, on somewhat of a side note, Arnott and Research Affiliates are well known for their asset allocation strategies – if I remember correctly, he is the only sub-advisor to PIMCO and runs an all asset fund for them with 16 asset classes.