Hedging is like keeping pressing accelerator with one foot and break with the other because one is afraid of accident. It gives a false sense of security but in reality consuming a lot of fuel and damaging the car (plus one is not really not going anywhere).
Better to drive judiciously or in case of investment, build a portfolio that allows one to sleep peacefully and focus on their day work through market cycles. If one is worried about their portfolio at every event then probably they need to rethink their portfolio.
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