"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Taleb: Government Bonds to Collapse, Avoid Stocks
“By staying in cash or hedging against inflation, you won’t regret it in two years.”
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Financial minds, can you help out a confirmed doofus? When Taleb says "staying in cash," what exactly is he saying you should do with your money/investments? I have foreign stocks with Euro Pacific Capital; is he saying those aren't safe, either?
Any financial advice and/or definitions of these phrases is welcome.
Silver and gold, in your actual possession.
Well, that was easy enough. Thanks!