The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
I
Index Investing (as religion)
Over the last fifteen years, index investing has turned into a religion that promises never-ending returns from stocks, no matter how expensive the stock market might be. ‘Buy the dip’ and ‘never sell’ have become this religion’s commandments.
Investing as a Probabilistic Adventure
Investing is a probabilistic adventure: You assess upside and downside probabilities of a potential investment, and if at the end the balance is significantly favorable, you pull the trigger.
