Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013)
by kqr on Sunday September 03, 2023 @04:33PM
(#37374251)
Reminder: it takes as long to get from 100 to 1,000 as it takes from 10 to 100 -- it is really important to avoid big drawdowns, which 2× leverage is almost sure to produce.
If anything, optimal growth requires fractional leverage, i.e. keeping wealth out of the markets.
If anything, optimal growth requires fractional leverage, i.e. keeping wealth out of the markets.