Yes, and Enron was incredibly healthy too. Netflix has recently seen a downturn.... | Hacker News

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		starpilot on Aug 16, 2019 \| parent \| context \| favorite \| on: I've reproduced 130 research papers about “predict... Yes, and Enron was incredibly healthy too. Netflix has recently seen a downturn. The "health" of companies is not a constant. Can you predict when it will sour? Or are you certain that these companies will never fail? If so, why?

dvt on Aug 16, 2019 [–]

It’s well known black swan events are not predictable (see Nassim Taleb), but this doesn’t mean FAANG doesn’t, on average, outperform the S&P500.

A sound strategy would also hedge against black swan events — so some money might be in gold or jewels or something. But that’s beside the point.

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