clarkkent, page-35

"Let's have a look at the biggest one day drop in the history of the American stock market - Black Monday, October, 1987."


Market crashes are not unforeseeable events.
Neither are market bubbles.

Trying to predict those is futile. Instead of suffering a market induced crash you end up losing more money in a self induced crash by realising transaction costs and Capital Gains taxes.

Buffett for instance has been 100% invested for half a century. It has not hurt him. There is never a bad time to own good assets.

As for Taleb, his money making record is unimpressive.
More unimpressive is your attempt to attribute a mish mash of random choices (CDU, CNP, stop losses etc) to Taleb and call this an 'Investment strategy'.

Let's call a spade a spade. You are relatively new to this game and you have read one book.
I have read every book (and textbook) worth reading, and have practiced successfully for 25 years.

It's time you read my sig.


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