(They drew the yellow part way too short here, historically — 2020 was cut short by extremely atypical macro disaster, with the yellow part being much longer in all other cycles — but right basic idea.)

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“Risk Management” = “Safetyism”?

Saw a lot of guys get wrecked last year, when they switched from a backtestably-decent buy & hold until binance/billion or zero strategy,

to a “risk management” strategy of dumping it all at the first pullback

— a major change in strategy, which none ever even bothered to consider historically-backtesting at all

Predictably, their whole portfolios ended up wrecked, as their new strategy ended up repeatedly dumping early 200x & 700x’s, which would’ve easily saved their whole portfolio 10x over

Sound familiar?

Sure sounds like something the left has used a ton in the past few years

= Left’s “safetyism”

Masks for your "safety”, even if really they make things worse

“Vaccines” for your “safety”, even if they make things worse

New laws in the name of “safety”, even if they make everyone less safe

— They can just magically say that the intent of something is “safety”,

and then all brains instantly switch off

Suddenly no one bothers to assess whether a supposed “safety” measure increases “safety” at all, or if decreases it

“How dare you question this safety practice! It’s got safety in the name!”

Do people’s brains totally turn off whenever something is done in the name of “risk management” — in the same way that people’s brains turn off whenever something is done in the name of the left’s “safetyism”?

Is what people often call risk management, e.g. dumping 100% upon the first pullback — not really risk-reducing at the portfolio level at all, and in fact clearly doing the opposite most of the time?

So-called “Risk Management” :: Left’s “Safetyism"?

Pic unrelated

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