5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

How to Protect Yourself From Black Swans

The safest investment that you can make over the long run is a very simple strategy. You invest in the S&P 500 and you hold on to it, but you're not going to blow up. A black swan is totally unpredictable and this seems definition of us and can happen very rapidly. The idea is just to try to avoid taking too much risk.

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