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TIP583: Preparing for the Bear Market to Come w/ Gautam Baid
We Study Billionaires - The Investor’s Podcast Network
Avoid Averaging Down in Risky Terrain
In bear markets, while there are opportunities to invest in high-quality companies, it's critical to exercise caution with averaging down. Specific instances to avoid averaging down include highly leveraged business models such as banking, operationally leveraged models like commodities, businesses facing obsolescence, and any highly leveraged models associated with fraud. Engaging in these practices can amplify risk and lead to significant financial losses.
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