Authored by Patrick Watson via MauldinEconomics.com,
Here’s a loaded question for you: “What could go wrong?”
In some contexts, it can express mistaken confidence, as in, “Sure I’ll put my hand between that crocodile’s jaws. What could go wrong?”
Investors should ask the same question before entering a position. “What risks am I taking with this trade? What could go wrong if it doesn’t go as planned?”
But here’s the problem: What if you never think to ask the question because you have no idea you’re in that trade?
And guess what—this is your problem if you are a taxpayer anywhere in the US.
Photo: DWS via Flickr
Continue reading “What Could Go Wrong? (For Public Pensions, More Than You Know)”
