When stock markets rise, the bullish narrative tends to dominate, overlooking the potential impact of market declines. This oversight stems from two main problems: a basic misunderstanding of math and time’s critical role in investing. Every year, I receive the following chart as a counterargument when discussing the importance of managing risk during a portfolio’s life cycle. The chart shows that while the average bull market advance is 149%, the average bear market decline is...
Sep 17, 2023 This talk was recorded live at the All-In Summit 2023 at Royce Hall on UCLA's campus in Los Angeles.
This talk was recorded live at the All-In Summit 2023 at Royce Hall on UCLA's campus in Los Angeles.