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Ensuring portfolios were not overloaded on one risky asset.
But tucked away in the archives of investment wisdom is a strategy that suggests the exact opposite. It is a philosophy best captured in the phrase unperturbed by volatility pdf 2021
Instead of predicting if volatility will happen, assume it will . The PDF would include a table showing that since 1980, the S&P 500 has experienced an average of and one 10% correction every 18 months . Volatility is not an anomaly—it’s the weather. Ensuring portfolios were not overloaded on one risky asset
Reviewers of the text have noted that the book "strikes a good balance between explaining the theory and giving realistic guidelines on how to think about volatility". It is designed to move the reader away from the "stylized" finance found in textbooks and toward a "skin-in-the-game" understanding of risk. The PDF would include a table showing that