Sometimes I wonder if the ‘cyber ears’ are listening? One day after I shared my thoughts on how investors should prepare their defense – Howard Marks – shared his latest thoughts on asset allocation. His post was the ideal follow-up to my recent post… where I talked about finding the right balance between risk and reward. Marks’ latest missive reminds us that the investment landscape has undergone a dramatic transformation in recent decades – where the popular “60/40” portfolio may not work in the years ahead… and now is the time to think more about defense (vs offense)