The first appearance of asset allocation in literature appears to be from the year 500 A.D. The Babylonian text reads 'One should always divide his wealth into three parts: a third in land, a third in merchandise, and a third ready to hand.'
The Importance Of Asset Allocation From Babylonia To Modern Portfolio Theory
Forbes - 16 Aug 2018 21:27
The first appearance of asset allocation in literature appears to be from the year 500 A.D. The Babylonian text reads 'One should always divide his wealth into three parts: a third in land, a third in merchandise, and a third ready to hand.'
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