Justin Urquhart Stewart: Don't sweat the small stuff (much)

After more decades than I care to dwell upon working in asset management, you have to learn not to sweat the small stuff. Life is just too short. And while mildly irritating, the worn-out ‘active versus passive' debate is one I try to let wash over me - even if the emphasis might sometimes be on ‘try'. But there is another debate that has been brewing and has stirred me enough to write about - the value (or otherwise) of multi-asset investing. Recent research highlights multi-asset underperformance over the last two years compared with a ‘simple market portfolio'. My overwhelming gut res...