So there’s at least *a little* deliberately avoiding being clear and explicit on exactly what to do, because legally one can’t give investment advice safely, especially if the advice would be something riskier than standard. There’s also ‘what to actually do comes later and is a distinct and complex and heavy topic’.
You are correct that this series is in part a response / building upon “Against the barbell strategy.” Not a coincidence there. I certainly am pointing out that choosing a weird form of “safety” as measured in dollars under ‘normal’ world conditions as represented by bonds is, even under the best of assumptions, a false security not worth sacrificing much for in expected value terms under most circumstances.
Mumble mumble “not investment advice” mumble mumble!
So there’s at least *a little* deliberately avoiding being clear and explicit on exactly what to do, because legally one can’t give investment advice safely, especially if the advice would be something riskier than standard. There’s also ‘what to actually do comes later and is a distinct and complex and heavy topic’.
You are correct that this series is in part a response / building upon “Against the barbell strategy.” Not a coincidence there. I certainly am pointing out that choosing a weird form of “safety” as measured in dollars under ‘normal’ world conditions as represented by bonds is, even under the best of assumptions, a false security not worth sacrificing much for in expected value terms under most circumstances.