Are you holding cash or making investment into progressing sector in 2016?

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#34
(16-05-2016, 10:21 PM)weijian Wrote: Most people who derive their prosperity based on certainty (and depends on it) don't wish for black swans. An example, would be a person with a heavy mortgage, one with young kids. There should be more people than Mr BlueKelah think there is, that want Black Swans to happen. The funny thing is, our definition of "black swan" and "hoping for it to happen" most probably involves an extreme low probability event that is far away from us. How about a Japanese earthquake when you were in Fukushima yourself when it happened? How about getting stage4 cancer yourself? How about a Singaporean economic crisis that gets unemployment to 15%? How about Zika spreading in Singapore and you have a pregnant wife?

Our understanding of Black Swans need to go beyond what we read from Nassim Taleb and thinking on the 2nd level of our own implications.

Thanks weijian.. woke up my dead brain. Resonates with me. I am one that subscribes to certainty.. at least as much as possible.

Black Swans do happen. But I wouldn't wait around for them. Tongue
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RE: Are you holding cash or making investment into progressing sector in 2016? - by Porkbelly - 17-05-2016, 09:52 AM

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