Seth is probably not referring to the stock and bond markets here but he may as well be, this is a very important truth for those constructing and running investment strategies…
Is there really any other kind?
If we see turbulence coming, we tend to avoid it. The art is in knowing that turbulence might come and looking forward to it, bracing for it and embracing it at the same time.
If your plan will only succeed if there is no turbulence at any time, it’s probably not a very good plan (either that or you’re not going anywhere interesting.)