#48: Jim Stack On Charting A Course Through Stock Market Rapids
Superinvestors and the Art of Worldly Wisdom
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How to Manage Risk in the Stock Market
In this day and age of passive investing, your methodology seems like a deeply contrarian thing. Like you said, managing risk right now is not a popular thing. We're in the 95th plus percentile in almost any way you look at this market. This is a very expensive market. That doesn't mean that we've seen the high. I don't necessarily think we have. But it does mean that if you're going to invest, you need to be careful. And that means be selective, don't go after the maximum returns.
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