Tail Risk Hedging | Nassim Taleb, The Fed, Macro 'Investing', Faith Based Alpha & Antifragility
Pirates of Finance
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The Importance of Rebalancing Your Portfolio
I think what he's trying to do is say well that I get credit for that That's me. He's not wrong in some senses. In other senses it's completely wrong Right. The individual arithmetic returns might be negative right right right and so the question becomes Okay, if your return was like the weird math is if your return is 9% on the s&p annualized your return on the strategy is say negative 1% annualized But you combine them and somehow end up with an 11% return Well, who gets credit for that?Right if I if I happen to get a huge payout exactly at the market bottom Pay that to you so you can reinvest in the market when it
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