...excerpt from Mo Lidsky's latest book, Partners in Preservation A simple way to combat portfolio complacency is to ask a simple question: If I had to recreate my portfolio today, would it look the same? If the answer is no, it is time to consider some changes. This is a tactic many Fortune 500 CEOs employ in their companies. When pressed with a difficult situation, shrewd CEOs imagine someone else taking over the company and ask themselves what their successor would do. The

...excerpt from Mo Lidsky's latest book, Partners in Preservation The simplest way to understand the progression from monitoring the portfolio (ensuring investment managers are doing what they said they were going to do and addressing issues as they surface) to rebalancing is with analogous to the annual checkup with your doctor. There is hardly anything more basic than the need for an annual checkup where one could see if everything is status quo or if there has been an unex