25 ms·
this is the biggest fallacy in the investing thesis. buy and hold didn't work in russia, or argetina, or many others. because we live in a country that's pros
by lintiness 10y ago
this is the biggest fallacy in the investing thesis. buy and hold didn't work in russia, or argetina, or many others. because we live in a country that's prospered (for a plethora of reasons), we assume the prosperity must continue unabated forever.
- varjag 10y agoWould investment in a Russian market managed fund panned out any better?
- ommunist 10y agoIf a fund manager is relatively close to Kremlin, than yes.
- cesarbs 10y agoI think they're referring to the fact that the Russian stock market collapsed completely (i.e. total loss) in the beginning of the 20th century.
- varjag 10y agoClearly. But they were considering investment strategies (buy&hold vs alternatives). My point was that few if any investment policies would hedge you against market extinction events.
- e12e 10y agoI would probably have preferred to own real-estate in Russia... Although If we look back to before ww2, probably not...