Investment Lessons from a Turkey: Chart of the Week

Chart of the Week: Investing Lessons From a Turkey

With Thanksgiving and the holiday season here, I’m reminded of a chart inspired by Nassim Taleb’s 2007 book, The Black Swan. In this romanticized scenario, we have a turkey that is fed every day and has come to believe that humans are great… right up until the point it is slaughtered for someone’s dinner table.

Three investment takeaways: (1) It’s the risk you don’t see coming that can upend your portfolio, (2) don’t assume the future will look like the past and (3) unlike the turkey, disciplined investors can bounce back from faulty assumptions, bad luck and bear markets to prosper in the long term.

investing turkey
Sources: Adviser Investments, Nassim Taleb’s The Black Swan.

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