The excessive market swings and losses of the last few years can easily produce extreme…
Investing is about quantifying probabilities of outcomes and constructing portfolios that try to anticipate the different outcomes without betting the house on only one outcome.
Of all the predictions for the future, it’s hard for a sane-thinking person to truly know which ones will come true. I believe in actively managing portfolios to potentially maximize long term returns at the same time attempting to minimize downward risk. Read more…