From my Linkedin account
A reminder of the destructive power of drawdowns. If you look at the book's photo below, you'll see that such devastating drawdowns over 20 years reflected a "conservative" 60/40 (60% stocks & 40% bonds) portfolio. As you are well aware, the Dow Theory may come in handy.As an aside, have you thought of following me on Linkedin? I post very often there.
Sincerely,
Manuel Blay
Co-Editor of thedowtheory.com
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