Remember – you can’t “predict”, which is why its important to maintain constant protection. As Taleb (author of the Black Swan) recently said in an interview:
“Most people think that they can predict the black swan, that with quantitative sophistication they can get answers. They don’t get the idea that because we can’t predict black swans, then we need to restructure institutions and rethink strategies to be more robust in the face of uncertainty.”
SmartStops agrees – You can not “predict”. But what you can do is help ensure each of your investment positions is continually protected.
Read more: Nassim Taleb of Black Swan –http://knowledge.wharton.upenn.edu/article.cfm?articleid=2755