An Investment Strategy That Reduces the Risk of Black Swans
Predicting when the next black swan event will take place, and what will cause it, is an impossible task. But that doesn't mean you can't construct a portfolio designed to reduce the risks related to black swans, according to Larry Swedroe and Kevin Grogan, both of whom work at Buckingham Strategic Wealth.
In their latest book, Your Complete Guide to a Successful & Secure Retirement, Swedroe and Grogan present an investment strategy designed to reduce what is often referred to as "left tail risk," a risk they say is increasingly important to those approaching and living in retirement.
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