Different This Time?

Picking Up Nickels in Front of a Steamroller


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Keith and Ethan update Nassim Taleb's 2007 metaphor on market risk and discuss the challenge of pursuing incremental market gains without exposing oneself to the risk of catastrophic losses. They discuss their own humbling examples of getting it wrong, and how investing well requires accounting for your own fallibility. A brief examination of Japan's 35-year stock market nightmare provides fodder for what a really bad scenario could look like.

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Different This Time?By Phase Change Media