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The Hedging Gap: Why Your Financial Advisor Is Leaving You Exposed to the Next Black Swan - Softcover

Schoonover, Glenn

 
9798163847228: The Hedging Gap: Why Your Financial Advisor Is Leaving You Exposed to the Next Black Swan

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Every few years, something happens in the markets that nobody saw coming — and it does more damage in a month than a decade of ordinary bad luck. Afterward, the explanations always sound obvious. Beforehand, almost no one, including the person managing your money, was actually positioned for it.

The Hedging Gap borrows the framework from Nassim Nicholas Taleb's The Black Swan and Antifragile and turns it into something you can actually use: a pointed, practical diagnosis of exactly where your financial plan is quietly built for a world that doesn't exist, and a twelve-question worksheet you can bring to your next advisor meeting to find out for sure.
This isn't an attack on financial advisors. It's an exposure of a structural gap — between the risk your portfolio is built to survive and the risk it's actually exposed to — that persists inside an industry with very few incentives to close it. You'll learn why "we're diversified" is a story, not a strategy. Why most portfolios can only lose from a crisis and never gain from one. Why the person giving you advice may have far less at stake than you do. And exactly what to ask, and listen for, to find out where you stand.

You don't have to predict the next black swan. Nobody can. You just have to stop being fragile to it.
For readers who have significant assets under someone else's management and have never been given a specific, mechanical answer to the question that matters most: what happens to my money in the event nobody saw coming?

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