TIP 037 : Billionaire Ray Dalio and other Market Wizards (Investing Podcast)
We Study Billionaires - The Investor’s Podcast Network
Preparedness for Financial Resilience
Being financially resilient involves not aiming to withdraw money or protect the principal when the market is down. Instead, it's crucial to adjust exposure to risks and always prepare for unforeseeable events like a Black Swan. By being prepared for such events, one can minimize the loss of net worth and maintain a focused portfolio. Even renowned investors like Warren Buffett emphasize the importance of being prepared and having a diversified approach to handling unexpected occurrences.
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