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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.02+0.1%Dec 19 4:00 PM EST

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To: Pogeu Mahone who wrote (180635)11/23/2021 12:09:33 AM
From: sense  Read Replies (1) of 218649
 
when I have concentrated my bets I have made fabulous amounts of money...

Won't quibble with that one... as far as investment... without thinking that means the logic is also well applied to dietary supplements or drugs ? I guess we'll agree, though, that most "recommended" doses are bull shite... set at a level that (ignoring variation in body mass and activity levels) "might" be good enough to prevent you dying from the lack of it... but that's about all...

There's almost no point in taking speculative risks if you "diversify" them to the point that having one pay off... makes almost no material difference in the stack... while the odds against you in the risks amplify in part as a time function...

Because... it's often close to impossible, anyway, to meaningfully "diversify" in risks that "work out" (or not) synchronously ?

And, if you're just "waiting for it" and holding an open ended risk... its better to wait for it and watch risk free until its time to quit waiting ? IMO. Bigger risks, concentrated, and held over much shorter time periods...

People are propagandized into believing that "ownership" and thus "holding" is the only sure key to success... because Warren Buffett... even when no one is doing close to what Warren Buffett does... even when they have almost no given or learned ability to tell what's even worth owning and what's not... much less "when" ?

But, in your health... for most people... there's almost no point in TAKING speculative risks ?

Without knowing more than i do about the range in human variation in metabolism... ? I'll steer clear from recommending people exceed typical numbers... even if it works for me... because they ain't me... ?
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