The Nature of Odds

be 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

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