Ep 9 - Truly sophisticated investors include precious metals in their long term portfolios

Bad Investor

English - April 08, 2020 01:02 - 26 minutes - 24.2 MB
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Previous Episode: Ep 8 – Diversification, risk, and outsized investment returns – don’t overdiversify if you really know what you’re doing and have a robust tolerance for risk

Next Episode: Ep 10 - Only foolish investors focus too on much market timing; simple dollar coast averaging still makes sense even in volatile times

Investors who are truly sophisticated with a deep understanding of risk (and history) will include a bit of gold and silver in their portfolios to hedge against low probability but very severe tails risks. Those that think that there is no place for these ancient metals in their portfolios must explain why they assume the future will be more similar to the last 100 years as opposed to almost any other time in human history.