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b'What if you had perfect foresight and knew ahead of time which stocks would be the best performers? The reality is even if you knew this and invested accordingly, you\\u2019d still suffer gut-wrenching drawdowns along the way so painful (around 75%) that \\u201ceven God would get fired as an active investor\\u201d if he was managing other peoples\\u2019 money. That\\u2019s the result of one of Wes\\u2019s studies which he and Meb discuss. By the way, with perfect foresight, you\\u2019d do about 28% a year, so what does that mean for those investment groups that want your business, claiming they do 35% or so a year? Then Wes says it\\u2019s not about volatility \\u2013 it\\u2019s about protection against tail risk. That leads into a discussion on one of Meb\\u2019s favorite topics, managed futures, \\u201cone of the best diversifiers to a traditional portfolio.\\u201d There\\u2019s talk of Wes\\u2019s roboadvisor, timing factors, and Wes\\u2019s secret to getting the best prices on Amazon. All this and more on Episode #4.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'