60/40 was always an oversimplification of the asset allocation narrative, because Americans, in particular, are scared of math, economics, and finance. 60/40 actually neglects cash, which, of course, must be included.

What if you own businesses? You probably should reinvest in your business and yourself over some 60/40 number selected by wall street to skim off your energy through fiat activity. What about real estate? How on earth do they skip property as a store of wealth or investment? It is because they want all the property. And they want us all renting - sending them cash flows in perpetuity.

Don't get me wrong, mathematics was used to come up with a portfolio that should minimize the volatility of stocks. And it does. The problem is most of the rules and principles of finance were created during times of hard money (gold) backed currency. Yet, we live in a fiat world. A world where the banks get to "create" money. They also get to charge fees and skim (tax) your energy from you by being between (intermediaries) you and your vendors. They get to use your money in more ways than you can.

So, yes 60/40 is dead. They never should have birthed it.