| Special psychic powers needed for asset allocation
Q: I was shocked by your answer last week to the question about asset allocation, particularly when you said: "To allocate assets properly, one would have to know in advance how well each class of stocks will perform." Asset allocation assumes that you don't know that, so you diversify among assets and periodically re-balance them. A: That begs the question. I am still waiting for an asset-allocation advocate to tell me how to reliably calculate the appropriate percentage weightings for each type of asset in a portfolio. The formulas I see seem largely arbitrary. For example, last week's questioner said he allocates 5 percent of his assets to cash. Why? It so happens that zero cash would have been the ideal allocation during the decade from the end of 1996 to the end of last year, because the market rose, on balance, during that period.
One dead, another injured in building collapse
One person is confirmed dead, another suffered critical injuries and rescue workers are using dogs to search the site of a building that collapsed on Franklin Pike this morning.
Metro fire officials said it appeared construction work, possibly renovation, was underway and the building, A to Z Antiques, at 2309 Franklin Pike.
Charles Shannon, a fire department spokesman, said it is not believed anyone else is inside the brick and concrete building but the rescue unit was searching to make sure.
The injured person was transported to the hospital; rescue workers have not yet removed the other victims body from the building.
Return to tennessean.com as the story develops
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ART FAIR TOKYO 2007 Japan's Unique Art Fair Returns for its Second ...
After a highly successful launch in 2005, Art Fair Tokyo returns to Rafael Violi's sleek glass and steel complex, the Tokyo International Forum, conveniently located in central Tokyo. The fair runs for three days from April 10 to 12, 2007. During its trailblazing debut in August 2005, Art Fair Tokyo brought over twenty-eight thousand visitors to the Forum, an exceptional site for modern and contemporary art to intersect with traditional Asian art and antique objects. The success of the First Art Fair Tokyo attests to the renewed vitality of the local art market as the Japanese economy enjoys an increasing prosperity.
Now in its second year, Art Fair Tokyo will feature over one hundred exhibitors from five countries presenting works by more than six hundred artists. Among participating contemporary art galleries are Tomio Koyama Gallery, Gallery Koyanagi, Shugoarts, Taka Ishii Gallery, SCAI, Taro Nasu, Tokyo Gallery, Nishimura Gallery, Maru Gallery, Mizuma Art Gallery and Takashi Murakami's Kaika Kiki.
Magazine Review: The Glory Days of the American Auto
The American automotive industry has a clouded future, but a very bright past. That glorious history is evident in several magazines that have just arrived in the MagSampler.com newsstand.We carry three titles from Auto Round-Up Publications in Jane Lew, West Virginia (be careful, this can get confusing): the biweekly Auto Round-Up Magazine and its companion monthlies, Truck Round-Up Magazine and Auto/Truck Round-Up Monthly. We'll get to the fourth magazine, Antique Automobile, a little later.All three Round-Up magazines use newsprint stock. They are filled with ads for cars, trucks, motorcycles and a great miscellany of automotive paraphernalia. These are national magazines, so the ads are not for people looking for an old Honda Civic to use to drive to the train station every morning. The cars being offered (and being sought) are classics, antiques, muscle cars and street rods, or at least the shells that can be turned into something very special.
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