In his book "The Black Swan", Nassim Nicholas Taleb proposes a barbell portfolio with 85% to 90% in extremely safe instruments (like U.S. Treasuries) and 10% to 15% in low probability, high impact Positive Black Swan Stocks. Please comment or e-mail me with your ideas for Positive Black Swan Stocks.
A shareholder who bought in when Capital Cities went public in the late 1950s would have made a 2000-to-1 return when sold to Disney in 1995. The story is told in one of the chapters in The Outsiders by William Thorndike.
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