Kris(@KrisAbdelmessih) 's Twitter Profileg
Kris

@KrisAbdelmessih

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linkhttp://moontower.substack.com calendar_today05-10-2010 01:18:44

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Ok, back to portfolio sizing. I build the portfolio from a risk-first perspective not an expected return perspective. I call this “Know Nothing Sizing”. When it comes to broad asset classes, my confidence level in the returns is smaller than my confidence level of the risk.

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This is the heart of the trope “do you want to be right, or do you want to make money?”.

You know the type:

This is the heart of the trope “do you want to be right, or do you want to make money?”. You know the type:
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If you aren’t paranoid, your imagination is lacking. But if you’re a doomer, you’re lazy. You have paranoid instincts without discipline — you mistake fuzzy thinking for critical thinking.

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