The usual all-weather portfolio described in the media is 30% stocks, 40% long-term bonds, 15% intermediate bonds, 7.5% gold, and 7.5% commodities. However, such a strategy is wrong from the start because an all-weather portfolio is not about precise portfolio allocations but is all about risk. Thus, to create one you have to look at what is the risk of a certain asset class in relation to the economic environment and price. Here is where value investing comes in handy. Once you have done that, proceed with the creation of such a portfolio and consequently rebalance according to the changes in
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