Download and customize hundreds of business templates for free
Yes, there are examples of investors who have successfully planned for "freak events". One notable example is the 2008 financial crisis. Some investors, like John Paulson, anticipated the housing market crash and made significant profits by shorting the housing market. Another example is the COVID-19 pandemic. Some investors anticipated the impact of the pandemic on certain sectors and adjusted their portfolios accordingly, thus minimizing losses or even making profits. However, it's important to note that predicting "freak events" is extremely difficult and not a reliable investment strategy.
Question was asked on:
These tanks were not poorly designed. Many have made the argument that German armored units were so well engineered that they were impractically expensive. But no engineer would think to plan for a 20-gram field mouse to disable a 25-ton steel machine. It wasn't the engineer's responsibility to plan for freak events like field mice. It was the commander's responsibility to plan that they may not be able to use those tanks for some reason.
Asked on the following book summary:
How should investors manage the inevitabilities of risk? What are the most powerful wealth-building tools that require little technical skill? How do...
Download and customize hundreds of business templates for free