I have read his thick tome and I am convinced that - in the long term - his strategy is the right strategy.
Of course, only on average, because with his strategy, extremes such as those currently seen with Nvidia or Bitcoin would be virtually non-existent in our portfolios.
But these extremes only "happen" to a small proportion of investors, so we are absolutely in a bubble here that suggests otherwise.
To summarize, I am convinced that Kommer's approach is the right one for almost every investor in the long term. But unfortunately it is also a brutally boring one...
Of course, only on average, because with his strategy, extremes such as those currently seen with Nvidia or Bitcoin would be virtually non-existent in our portfolios.
But these extremes only "happen" to a small proportion of investors, so we are absolutely in a bubble here that suggests otherwise.
To summarize, I am convinced that Kommer's approach is the right one for almost every investor in the long term. But unfortunately it is also a brutally boring one...
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@DerMartin a very rational and thoughtful comment 👍
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