On one hand, you have the stock pickers who want to understand the businesses into which they are investing and a rationale as to why each of the companies should do well over the event horizon of interest. The four pricing power stocks does thatニューバランス 574 レオパード http://www.heritageshepparton.com.au/index.asp?q=5988On the other hand, you have the asset allocators who believe in diversification across a wide set of markets based on the belief that it is impossible to predict who will do well and who will do badly. The fund selection are not diversified in terms of asset classes (except through the permanent portfolio) and so it is an ineffective hybrid. Best to stick to one type of the other.