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Patience is crucial in building an antifragile portfolio because it allows investors to wait for the right opportunities. Instead of rushing into investments, they can wait for the price to be right on their selected companies. These companies should have durable moats, meaning they can withstand and potentially benefit from market fluctuations and events. By being patient, investors can stay in cash and be ready to act when the chaos hits, thus building a portfolio that comes back stronger after market downturns.
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Do you long for the day when you can work less and travel more? Do you fear that you’ll never have enough money to be able to retire? By following War...
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The key to building a portfolio that will withstand the regular fluctuations of the market and one-off Events – an antifragile portfolio, to use Nassim Nicholas Taleb's teminology – is patience. Think of yourself as a hunter stalking its prey, waiting for the price to be right on your handful of wishlist companies. Your companies all have durable moats, meaning they can not only withstand, but likely actually benefit from, Events. The companies are antifragile because they will come back stronger than ever. So, until the price comes down, wait in cash and be ready to take action when the chaos hits. Just don't hesitate and think, "Maybe I should wait even longer for the price to fall even lower."
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