Read? What Is Anti-Fragility?
Hmm ... Did Uncle8888 build a resilience or antifragile investment portfolio over 23 years as Panda/Koala in Singapore local stock?
Does it really matters?
Resilience or antifragile?
Anti-fragility goes beyond robustness; it means that something does not merely withstand a shock but actually improves because of it.
Hmm ... it looks like we have to build a resilience investment portfolio first and then we have decent level of war chest across market cycle to withstand a bear shock and deploy war chest and keep improving the robustness of our portfolio for next cycles. Tio bo?
Posts
CW,
ReplyDeleteWe see this around us all the time.
Parents who are overly "protective", we can see how their children turned out as adults...
Likewise, if "too conservative" as in always taking cover on the Save More path - true, you don't lose money in nominal terms this way - but that's one year experience times 30... Hentak kaki...
If we don't expose ourselves to cuts and bruises when we are young and more "resilient", how to be antifragile when we are old fogeys?
Youths who chopped fingers on cryptos, they'll know what to do in their 60s flushed with retirement funds, when someone tries to sell them on the wonderful investment opportunity of Tulips ;)
Remember JB properties? S-chips? Water stocks?
Come to think of it, DEFI offering 20% yield is no different from those Gold trading scams offering similar yields...
Old wine; new bottle.
I have chopped fingers on s-chips with CEOs based in China. We cant jail them in SG. The poster girl Hyflux may be jailed soon
DeleteUncle8888,
ReplyDeleteFor anti fragile, need to have some inefficiencies / redundancy ... And when shit happens, also need to have the balls to execute & take advantage. ;)
Many just prepare but don't dare to show hand when bullets start flying.
E.g. Cash drag. Maintaining a 15% cash buffer can cut your long term returns by -50%
Only win if you're able & willing to use that cash buffer when markets lao sai.
Sama sama for individuals -- being good in range of skillsets compared to being the best in 1 skillset.
Or countries -- supply chains including also 2nd or 3rd cheapest/efficient countries compared to 100% relying on the #1 cheapest/most efficient country.