Are You Managing Risk by Hiding It Instead? Don't let this Bite You! episode artwork

EPISODE · May 21, 2019 · 25 MIN

Are You Managing Risk by Hiding It Instead? Don't let this Bite You!

from Wealth Talks

Did you know, that successfully avoiding risk can be more important to your wealth than finding great returns? ⚠️ But most people (including financial planners) think they can "manage risk" when they're simply hiding the risk instead. Don't let this bite you.🦈 Learn from a real-life story of Steve Wynn's Mirage Hotel & Casino + the fact that "In the last fifty years, the ten most extreme days in the financial markets represent half the returns. Ten days in fifty years!" In 1911 the Supreme Court ruled Life Insurance was a Transferable Asset, and Justice Oliver Wendell Holmes wrote the court opinion saying life insurance is one of the "…best recognized forms of investment and self-compelled saving." Discover how you can manage risk through whole life insurance in a way that's impossible through the Stock Market alone.   Resources: Supreme Court Ruling Grigsby v. Russell (1911) - On Life Insurance as Transferable Property How to Read a Life Insurance Illustration - Video   The Black Swan - book by Nassim Taleb

Episode metadata supplied by the publisher feed · Published May 21, 2019

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Are You Managing Risk by Hiding It Instead? Don't let this Bite You!

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This episode was published on May 21, 2019.

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