It is bizarre. If anything, bondholders are the group of people that are being overconfident. In recent times, bonds haven't even kept up with inflation, but people call them the safe and risk free asset.It is fascinating the degree to which conservative investors will
- try to justify a risk tolerance that has never produced better results
- use completely inappropriate comparisons (equal portfolio but entirely different risk preference through accumulation - for the worst possible stock decumulation sequences)
- try to justify their position by saying that some day aggressive investors will be sorry (we won't be - we made plans we are okay with regardless of the outcome)
Statistics: Posted by Chili Powder — Thu Sep 26, 2024 6:39 pm — Replies 43 — Views 4062
