It’s well known black swan events are not predictable (see Nassim Taleb), but this doesn’t mean FAANG doesn’t, on average, outperform the S&P500. A sound strat

It’s well known black swan events are not predictable (see Nassim Taleb), but this doesn’t mean FAANG doesn’t, on average, outperform the S&P500. A sound strategy would also hedge against black swan events — so some money might be in gold or jewels or something. But that’s beside the point.