The Nature of Odds
Posted: March 10, 2019 Filed under: Writings by one ambidextrous... Leave a commentbe strategic with asset selection
and smart about how you position yourself in a market cycle
because riskier assets can’t be counted on for greater returns
as the contrary view naturally invalidates the higher risk claim
but remember, most assets can become cheap enough to be decent investments
on the other hand, they can also become so expensive that they turn into bad ones
which is why the prevailing wisdom is ‘buy the bottom and sell the top’
to achieve this in practice however, requires not only a selection of the right assets
but an emotionally stable disposition for appropriate and timely execution
although doing so doesn’t guarantee the odds will be in one’s favour
for if the future could be predicted
then there’d be no risk factor
so acknowledge what you don’t know
and recognise that no advantage can give full market control
that way you’ll understand without bias
the true nature of odds