Forcing clients to endure 50% drawdowns guarantees behavioral blowups
Josh Brown · Josh Brown – When Witchcraft Failed (Capital Allocators, EP.06) · May 9, 2017 · at 27:02
Josh Brown explains why Ritholtz Wealth Management incorporates tactical allocations alongside strategic investments.
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“In the real world, nobody can watch a 50% drawdown take place in their portfolio and live through it. And actually, the more you try to force people to do that, probably, the more of a likelihood there is That your client's going to blow themselves up.”
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