If the investing road ahead (e.g. the stock market) is smooth, up and to the right, then making money in stocks will continue to be easy. But if things get more rocky, you’re going to need the investment equivalent of an All Terrain Vehicle.
In this podcast, Vitaliy explains how he achieves this portfolio ruggedness at his firm, IMA.
You can read this article online here: https://contrarianedge.com/time-terrain-investment-portfolio/