"Les êtres vivants sont de la longue volatilité l'équité est de la courte volatilité"
— Nassim Nicholas Taleb
Simplified Meaning:
Living things, like animals and plants, can survive and thrive through different conditions and changes in the environment over a long time. They have ways to adapt and handle ups and downs. For example, a tree can live for hundreds of years, going through seasons with storms, sunshine, rain, and even drought, but it continues to grow and survive through it all. On the other hand, equity, or money tied up in investments like stocks, can quickly lose value with sudden changes. The stock market can be very unpredictable; today it might be up, but tomorrow it could crash. These investments do not have the same ability to adapt to wild changes as living things do. If you think about it, life teaches us to stay strong and flexible during tough times, because we will face many ups and downs. If you are only thinking short-term, like focusing just on money in the stock market, you might panic and lose everything quickly when things get bad. Instead, it’s better to think more like a living thing, staying steady and adaptable over the long term.