Super Bowl LVIII and Risk Management
Manage episode 401401890 series 3553484
Does it sound familiar to assume everything will go as planned, only to find yourself in a risky situation without a safety net? The pain of not preparing for potential risks can lead to devastating outcomes, leaving you feeling unprepared and vulnerable.
In this episode:
- Examine how Chiefs overtime scenario preparation fueled the big win.
- Prepare for risks and gain insights on the importance of planning for financial security.
- Understand the volatility of cryptocurrency and the risk of an unbalanced portfolio.
- Consider the NBA draft deadline and the parallels between building a team roster and building a diversified investment portfolio.
Cryptocurrency and IPO volatility
The volatility of cryptocurrency and IPOs takes center stage in this episode. The hosts elaborate on the inherent risks and the need for careful consideration before investing, emphasizing the importance of diversification. Drawing parallels with risk management, unpredictable outcomes in such high-stakes games underscore the necessity of well-rounded preparation and strategy, mirroring the approach needed in investing.
Relevant Resources:
https://www.nasdaq.com/articles/what-happens-to-ipos-over-the-long-run-2021-04-15
https://theathletic.com/5272695/2024/02/13/super-bowl-gambling-nevada-record/
*Morton Brown is neither a law firm nor a certified public accounting firm. No presentation, post, or portion of any podcast content should be construed as legal or accounting advice.
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