“Not betting” is an illusion. In all cases, choosing not to take any given bet is itself a bet: you’re betting that you’ll find something better to do with that chunk of resources.
Not betting, in the sense of keeping the money in index funds or somewhere else on the risk/reward Pareto frontier of easy strategies, at least limits your expected downside compared to entering shark-infested waters in an imperfect cage.
“Not betting” is an illusion. In all cases, choosing not to take any given bet is itself a bet: you’re betting that you’ll find something better to do with that chunk of resources.
Not betting, in the sense of keeping the money in index funds or somewhere else on the risk/reward Pareto frontier of easy strategies, at least limits your expected downside compared to entering shark-infested waters in an imperfect cage.