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I mean, lets get Taleb exactly right here: He basically says don't invest "moderately," -- like putting your large amounts of money in stocks, even index funds,
by jrm4 4y ago
I mean, lets get Taleb exactly right here: He basically says don't invest "moderately," -- like putting your large amounts of money in stocks, even index funds, is a bad idea.
Invest in both extremes, barbell style. Put MOST of it in something bulletproof (he goes with Treasury Bonds) and then the rest as big bets on long shots.
- johanvts 4y agoReally depends on you goals and also current financial security. I would rather receive 50.000$ than a 10% chance at 500.000$. But a richer person would probably choose the latter.
- jrm4 4y agoSure, but one of the big points of "The Black Swan" is that your (and everybody's) percentages numbers are way less reliable than you think.