lukestein’s Twitter Archive—№ 2,040

@BillWinterberg @daniel_egan @MichaelKitces Asset location breaks. So does TLH, probably. Preferred asset allocation may not scale linearly (i.e., what you do with $1M ≠ 100× what you do with $10K). … If all you’re paying AUM for is a (replicable) static asset allocation strategy, you’re doing it very wrong.