I do 100% agree.
The Black Swan is always around the corner.
I don't really plan my life around any possible black swan, but sure, black swans can come in a whole variety of circumstances, and so I guess there is some prudence to plan for a kind of set of unknown unknowns.
On the other hand, I do kind of pick on our resident PM troll in this thread, because he seems to be putting some kind of high end stakes into PMs, perhaps 20% or something like that, for a kind of Armageddon event that likely has less than a 1% chance of occurring, so I do not understand why to invest more than 1% or so (with some margin for error) into an event that has less than a 1% of happening.. and in other non Armageddon situations, bitcoin is going to serve as a decent hedge against the dollar that is better than gold, so I really don't get why he hangs out here pumping PMs as if they were the solution.
Sorry for the idling, had to leave for some hours. Gotta scroll back some pages...
I don't plan for Black Swan -like events but i try to stay flexible in life, so i can act mindful IF such an event occurs. What such an event may be... That's the thing with Black Swans, you can't predict them in any way.
I have gone through homelessness, polytoxic addictions, depression, anxiety, panic and horrors barely anyone would believe. Finally i learned to change my mind instead of sticking to my beliefs. We, humans, are strongly driven by our beliefs. That's also why i started to collect Bitcoins, for example. But i stopped trying to change other peoples mind, that's everybodys own job, and most of us are avoiding this at all cost. On the other hand, these are mostly the ones that try to change anyone else's mind. So that's how you can identify (and feel sorry for) them. No reason for hate, honestly
