It wasn’t long ago that the world felt pretty placid.
Even in 2019, inflation was low, economic prosperity flourished, and the world was largely at peace. Isis had been defeated, North Korea was borderline irrelevant, and Iran appeared neutralized.
A few years later, there are a number of major challenges facing the US, and the world. These range from inflation and debt, to some much darker possibilities that go as far as nuclear war.
Frankly, it's some of those darker more salacious risks that tend to capture focus, attention, and anxiety.
This month, we want to try to reset those fears, and refocus on an obvious risk, that is frankly a very high likelihood.
That risk is that the next four years will look a lot like the previous three.
And when you think about how much the world has suffered, preparing for that is something to take seriously.
In this month's edition, we do a thorough analysis on a very specific subset of risk, and look at several strategies to mitigate them.
Long Tail Scenarios Abraham de Moivre Abraham de Moivre was perhaps the only man in 18th century London admired by someone as lofty as Isaac Newton (a close friend of de Moivre’s) yet simultaneously also adored by the lowliest peasant. De Moivre was especially loved by gamblers… assuming they could read. That’s because de Moivre…
