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A portfolio you cannot hold through an ordinary market cycle is not a portfolio but a bet.

Drawn from what Nick Maggiulli said

A private bookmark. Not a position, and never counted.

What Nick Maggiulli actually said

Word for word, with the source under each one. They did not write this page.

  1. Nick Maggiulli

    Writer of the personal-finance blog Of Dollars And Data…

    Because if you can’t handle standard market cycles, then you don’t have a portfolio, you have a bet.

Added to korrents 25 Aug 2026 · How quotes work · Something wrong? Tell us

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