Playing Defense Against Black Swans | # 7

Published: July 14, 2016, 5 p.m.

With Brexit rattling the markets recently, it\u2019s a good time to revisit the discussion of \u201cblack swans\u201d (not that Brexit was a black swan, despite catching many investors off-guard). So what exactly is an investing black swan? And is there anything you can do to protect yourself from one? That leads Meb into a discussion of outliers \u2013 specifically, how your returns would look if you missed out on the 10 best market days, but also avoided the 10 worst market days. From there, we discuss a way to help protect your wealth from the biggest drawdown-days in the market. (Hint \u2013 it\u2019s how Paul Tudor Jones avoided the \u201987 crash, and something you can easily implement in your own account today.) From there we move to actionable takeaways for listeners \u2013 after an extended down-period, what markets and/or countries might be cheap and starting to enjoy an uptrend, which would make them good investments right now? And finally, you\u2019ll hear how Meb just lost his entire Kansas wheat crop, destroyed by a fire from an\xa0exploded combine. Black swan event? Find out on Episode #7.\nLearn more about your ad choices. Visit megaphone.fm/adchoices