Guess the Boggleheads and pension funds are going to have their mettle tested today.
Volatility as a concept is widely misunderstood. Volatility is not fear. Volatility is not the VIX index. Volatility is not a statistic or a standard deviation, or any other number derived by abstract formula.
Volatility is no different in markets than it is to life.
Regardless of how it is measured volatility reflects the difference between the world as we imagine it to be and the world that actually exists
We will only prosper if we relentlessly search for nothing but the truth, otherwise the truth will find us through volatility”
As we watch our fortunes evaporate today here are a couple audio’s to listen to.
This is the Artemis 100 year portfolio
Doesn’t look a thing like a Bogglehead portfolio.
volatility reflects the difference between the world as we imagine it to be and the world that actually exists
Yesterday the Italian military, armed and mobilized to surround an area around Milan closing it off. The Virus is now endemic in Italy. Yesterday the boarders between Iran and Afghanistan, Pakistan, Turkey, Armenia, Azerbaijan, and others are closed due to Virus.
What world are you living in?