Picking Market Crashes Is Impossible, Spitznagel Says

The video discusses the challenges of predicting market crashes and emphasizes the importance of risk mitigation over forecasting. It highlights how markets behave during crashes, the role of central banks, and recent market events, including VIX and S&P movements. The speaker criticizes naive investment strategies and stresses the influence of central banks on market conditions.

According to the speaker, what is a common misconception among investors regarding market conditions?

What does the speaker mean by 'repenting' in the context of market behavior?