Killing the Black Swan

November 4th, 2009 by Mebane Faber

Comments

brettalexander

"The only time I tell my wife I am playing golf is when I am with another woman."

Classic

gdpandme

nicely played sir.

Ari Weinberg

Ironic - http://www.igorilla.com/gorilla/animal/2001/swa...

Jez Liberty

Good illustration that if you don't defend yoursfelf the black swan will come and get you hard!

Although a in a market situation a Black Swan would probably require much more than a golf club to defend yourself...
That is unless you are not well positioned to take advantage of these black swans ;-)

Trend Following might be a good way and I believe the Timing model draws a lot from it...

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The opinions expressed on this site are those solely of Mebane Faber and do not necessarily represent those of Cambria Investment Management, Inc. (“CIMI”). This website is made available for educational and entertainment purposes only. Mr. Faber is an Investment Adviser Representative of CIMI, an investment adviser registered with the states of California and Utah. This website is for informational purposes only and does not constitute a complete description of the investment services or performance of CIMI. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance. A copy of CIMI’s Part II of Form ADV and privacy policy is available upon request. This website is in no way a solicitation or an offer to sell securities or investment advisory services. Mr. Faber and CIMI disclaim responsibility for updating information. In addition, Mr. Faber and CIMI disclaim responsibility for third-party content, including information accessed through hyperlinks. Faber receives affiliate commissions through Amazon and AlphaClone.

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