History Rhymes

In the Republic, Plato poses the query, “Who is to guard the guards themselves?”. In other words, what happens to power that goes unchecked? I’m sure you know where I am going with this.

As the leader of the free world, President Trump has just about as much power as any other mortal. That’s not a good scenario regardless of who holds the power, let alone an individual prone to impulse and with surprisingly limited understanding of the financial markets.

We live in a society where one Tweet could move the stock markets by ten percent, if not more. New advisors learn about all of the different types or risk – investment risk, interest rate risk, currency risk, legislative risk, etc.. I don’t think they covered “Tweet Risk” in my Series 7 text. Maybe that will be in the update!