This is really fascinating. I’m not a gambler, I’m not even an investor (yet?) because I know I don’t understand about probabilities, random repetitions or any of the other stuff you write about here. Knowing what I don’t know has kept me out of trouble, I suppose. But I would like to be able to invest someday. Or at least feel I had enough of an understanding that I could invest if I wanted to. I think your last line about buying & holding puts me off because I’m an older person. I should just use my money now! Watching it increase over 3 or 4 decades isn’t appealing since I may not be here to reap the rewards. But super conservative investing isn’t all that appealing - may not even be investing pee se. Bonds seem rather dull. Sigh. Anyway great piece, I really enjoyed this. I hope you write much more about it.
I totally understand the impulse to want your investments to be less boring. If I could find evidence that a less boring strategy would yield better results, I'd be all over it! But investing is one of the few arenas in life where the less you try hard, the better your results.
This is really fascinating. I’m not a gambler, I’m not even an investor (yet?) because I know I don’t understand about probabilities, random repetitions or any of the other stuff you write about here. Knowing what I don’t know has kept me out of trouble, I suppose. But I would like to be able to invest someday. Or at least feel I had enough of an understanding that I could invest if I wanted to. I think your last line about buying & holding puts me off because I’m an older person. I should just use my money now! Watching it increase over 3 or 4 decades isn’t appealing since I may not be here to reap the rewards. But super conservative investing isn’t all that appealing - may not even be investing pee se. Bonds seem rather dull. Sigh. Anyway great piece, I really enjoyed this. I hope you write much more about it.
Thanks Laura,
Glad you enjoyed the piece.
I totally understand the impulse to want your investments to be less boring. If I could find evidence that a less boring strategy would yield better results, I'd be all over it! But investing is one of the few arenas in life where the less you try hard, the better your results.