Be wary of imitating high-status people who can afford to countersignal

Re:Be wary of imitating high-status people who can afford to... by jrm4 on Sunday December 11, 2022 @10:38AM (#33944031)

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.

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Re:Be wary of imitating high-status people who can afford to... by johanvts on Sunday December 11, 2022 @11:09AM (#33944371)

Really 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.

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Re:Be wary of imitating high-status people who can afford to... by jrm4 on Sunday December 11, 2022 @11:27AM (#33944562)

Sure, 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.

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