Averaging down works only in bull markets. We may not yet be in one, so use caution with this technique, which was espoused by volpri before this bear market that started last year. Notice how we have not seen volpri in a while? Could be licking his wounds. Dangerous times, chaps.
Lets get back to the critical difference between averaging down and scaling shall we? Or is this too much for the NPC’s that populate this place?
Would guess it underperformed in an up year due to scaling out the winners too soon. But overall, loved the list, plenty of good points to consider!