POPA ReconThe only numbers you can trust are the losses you can survive (Ken Griffin) source
The only numbers you can trust are the losses you can survive (Ken Griffin) source 1. It is impossible to predict and protect against all tail risks. Instead, you should first calculate how much you would lose in the worst-case scenario and whether you can withstand that loss. The goal of a portfolio is not to avoid all risk, but to remain in the game even in extreme situations. 2. The reason the U.S. stock market remains at its peak even during war is because the U.S. is protected from energy shocks. If Hormuz had been blocked, oil prices could have been close to $200, but thanks to a large…
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