The Importance of Asset Allocation

The idea of astrolocation is a very simple fact that how can you kind of make equities palatable, which give you higher returns over long run and mix it up with debt. So the single question that will kind of have a big determinant of your long term returns would be what is your overall equity exposure. The dynamic asset allocation strategy essentially said, can I reduce my equity exposure and increase my equity exposure in these extremes? Can I use some metrics like valuation or say momentum? This was the second level. And the third level obviously would be to make returns through stock selection within equity funds. But at least from the multi asset allocation category fund, most of them keep it conservative