![]() ![]() ![]() Baked into the cost of living New York City is your exposure to positive black swans. In the book, he talks about the benefits of living in New York City. A small part of his portfolio can all sudden create a massive effect that could change the world and his wealth. Then he leaves the other 10-15% of it exposed to positive black swans (industries like life sciences and tech). He invests about 85 to 90% of his portfolio in super conservative stuff. It is about an investing philosophy based on exposing yourself to positive black swans. There's a former trader turned author by the name of Nassim Taleb that wrote a book titled, The Black Swan. ![]()
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