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!