We can create stock portfolios that can weather any economic storm using what Danielle Town and Phil Town have outlined in the Invested book’s October chapter based on the antifragile concept from Nassim Nicholas Taleb.
Nassim Nicholas Taleb’s 2012 Antifragile: Things That Gain from Disorder teaches an important lesson about how anything that is antifragile gets better when they encounter chaos. We can apply this same concept to building a stock portfolio full of companies whose moats, or durable competitive advantages, do not get broken during stressful events.
We can prepare by creating our stock wishlist with the companies we would like to buy when they are on sale, which can often happen by an event that is causing a stock’s price to go down. We figure out what price we would like to pay for our favorite wonderful companies ahead of time so we are prepared to take action when the price is right.
If you’re interested in learning how to take control of your finances and start becoming an investor like Warren Buffett, check out my free PDF guide.
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