Welcome to Money for the rest of us. This is a personal finance show on money, how it works, how to invest it and how to live without worrying about it.

I'm your host David Stein today's episode 306. It's titled Three Approaches to Asset Allocation.

Hera Ono is a Japanese chef and owner of Sukiabashi Hero, a Japanese sushi restaurant in the

Ginza area of Tokyo. There's a documentary on him that came out in 2011.

Hirah Dreams of Sushi.

Hirah Ol know is 94.

He was in his mid 80s when this documentary came out,

working closely with his son and other sushi chefs at his small restaurant in a Tokyo subway station.

He's been making sushi for decades.

He said, I do the same thing over and over, improving bit by bit. There's always a yearning to achieve more.

I'll continue to climb trying to reach the top, but no one knows where the top is. He continually tries

to get better at what would seem like a fairly straightforward task to make sushi, but it's not.

I thought about investing in the same way.

One of the first investing books I remember reading was a paperback book I found on the shelf in her basement by Howard Roth.

It was titled How to Prosper in the Coming Bad Years.

It was really kind of boring.

I remember very little about it other than he talked about inflation and buy gold.

But then I went to business school, a finance undergrad.

I was introduced to modern portfolio theory as a way to go about asset allocation.

I went to graduate school and got an MBA with an emphasis on

finance. I used to wonder the library and would actually sit and page through

financial journals trying to absorb that knowledge. I spent 16

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