PhilGoetz comments on "Risk" means surprise - LessWrong

6 Post author: PhilGoetz 22 May 2015 04:47AM

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Comment author: PhilGoetz 25 May 2015 09:40:48PM *  3 points [-]

The US stock market? No, it hasn't. I checked a graph of it before writing that. "Time the market is down" is not the time between peaks on the graph. It's the time between periods when stocks are a better investment than bonds. For the Great Depression, that was 3 years.