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The Divergence Program is not appropriate for all investor temperaments. Hunting global trends requires patience and can be psychologically demanding, with frustrating doldrums of limited trend availability oscillating with pro-divergence, “beam reach” conditions.

The ideal candidate for a Bastiat account is a patient and experienced strategic investor with a storm tactics mindset and significant exposure to business cycle-sensitive risk assets such as stocks, real estate, private equity, and/or typical hedge funds.

There are decades when nothing happens… and there are weeks when decades happen…