Few Understand This
Lead-Lag Live
00:00
Is Diversification a Luxury for the Rich?
I think broadly speaking, you know, part of the argument I just made around the fat left tail was that all this money went into large caps because of QE3 and SERP zero. So if I'm right on that gold probably isn't also in a multi-year cycle. Gold is the ultimate diversifier. It's a hedge against nothing except that it just provides non-correlated returns. And nobody ever talks about how much they own whatever they're showing up to do. This will kill me when people start talking about fin-to-fin trading. But yeah, there's the argument for owning everything as the definition of the market...and tactfully trading around silver now
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