EPISODE · Jun 17, 2026 · 6 MIN
The Turkey Problem in Investing
from Watchdog on Wall Street with Chris Markowski · host Finance, Investing, & Markets
LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured Chris uses Nassim Taleb’s famous “Turkey Problem” to explain one of the biggest mistakes investors make: believing the future will always look like the past. From a shocking World Cup upset to the collapse of once-untouchable companies like Enron and GE, he shows how unexpected "Black Swan" events can destroy even the most confident predictions. The lesson? No matter how certain an investment appears, concentration risk can be devastating. Diversification isn't about predicting the future—it's about surviving the surprises nobody sees coming.
What this episode covers
LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured Chris uses Nassim Taleb’s famous “Turkey Problem” to explain one of the biggest mistakes investors make: believing the future will always look like the past. From a shocking World Cup upset to the collapse of once-untouchable companies like Enron and GE, he shows how unexpected "Black Swan" events can destroy even the most confident predictions. The lesson? No matter how certain an investment appears, concentration risk can be devastating. Diversification isn't about predicting the future—it's about surviving the surprises nobody sees coming.
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The Turkey Problem in Investing
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