Do You Have the Right Risk Capacity?

When things are going good, we feel great. We feel like we can be a cowboy. But when things start to turn, I think Warren Buffett's the one who says, you know, you can always tell who's been skinny dipping when the tide goes out. A lot of people's true risk capacity is uncovered in a downturn. And if you find yourself in that situation, that's where you have to make really difficult decisions. The correct portfolio for you mixes those that no matter whether the market goes up 30% or down 30%.