Ned Davis wrote a book called being right or making money. Point is, which is more important. In markets, making money is. Saying China may be a great trade here, even for a year or so, doesn't mean it is also not the next H
Japan. Japan had many strong rallies over a 30 year bear market. In fact, bear market rallies are some of the strongest.
So many interesting tings to considah...very informative read. Thanks, Richard!
Have any thoughts on China? Economy/valuations?
China is the next Japan and will struggle for the next 20 years because of misallocaction of capital and negative demographics
I admire your intellectual capacity to reexamine your opinions in an unbiased way
Ned Davis wrote a book called being right or making money. Point is, which is more important. In markets, making money is. Saying China may be a great trade here, even for a year or so, doesn't mean it is also not the next H
Japan. Japan had many strong rallies over a 30 year bear market. In fact, bear market rallies are some of the strongest.
Do you have any good recs for books/resources on how to think through position sizing?