Over-diversification can create a false sense of confidence whereby we believe we are well diversified, but in reality, a large number of investments actually share a common risk.
An advisor who isn’t counting on some percentage of their clientele needing more than just emailed assurances probably isn’t being realistic.
What if that happens again? What if the biggest black swan over the coming decades is no black swan events?
I know, lets blog for 15 years, then open a firm and rake in the cash.
You’ll uncover so much you never knew.
If you’re banking on reversion occurring, just remember how mean it can be in the interim.
Just three years in to this business, I had seen the money that could be made. I had tasted it. And I wanted more.
Adaptability and having an open mind about learning new information are the survival skills of the future.
There is no Pi in investing.
The top 20 universities could expand their supply (seats for incoming freshmen) 50% within the decade. But they won’t, as the prestige that stems from scarcity is the ointment for irrelevance most academics thirst for.
Investors may not be the lemmings they used to be
What if you’re taking the edge off, and the ferocious tribe next to you aren’t?
You can never get outspend on things money can’t buy.
It was like a combination of Mario Brothers and surfing.
It is quite possible to decide by inspection that a woman is old enough to vote without knowing her age or that a man is heavier than he should be without knowing his exact weight.