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Daily Reckoning/Charles Hugh Smith/5-8-2021
“Faced with the knowledge that so-called fat tail risk (i.e. a geometric function replacing an arithmatic function, and small events triggering large consequences, i.e. non-linear dynamics) is real but unpredictable, then we’re forced to think through these supposedly low-probability risks and devise a response that we can implement because we already thought it out. This is the difference between having a pre-planned response and panic.”
USAGOLD note: There are strategies to the moon on how to defend against one or the other, but only one that meets the test of time, is easy to implement, provides maximum peace of mind, and offers insurance against either or both and no matter in which order they arrive.
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