Disliked{quote} If you buy into the classical Gaussian model. If there is not something like a black swan. I recommend to read 'Antifragility' by Nassim Taleb.Ignored
What I was getting at was the root basis of risk of ruin. Just like VaR, you have some fancy math to do, some monte carlo sims, but I wouldn't base my portfolio on it.
When the facts change I change my mind, what do you do sir