This article was written two decades ago. It is excellent work, although as you’re considering how to put into action the insights therein, note that deposit ra

This article was written two decades ago. It is excellent work, although as you’re considering how to put into action the insights therein, note that deposit rates being at 6% are very much of that era. Also, slightly tangential to the content of the article but nevertheless of great interest to those thinking about risk over time is the work of Mark Spitznagel of Universa (with which Nassim Taleb is also involved) on tail-risk hedging. Bloomberg ran a profile of him back at the beginning of the pandemic: https://www.bloomberg.com/news/articles/2020-04-08/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march https://www.bloomberg.com/news/articles/2020-04-08/taleb-adv...