Lesson 6: Single-Stock Tail Risk (Enron, Wirecard, Lehman). Even great-looking companies sometimes go to zero. The fix is structural, not analytical.
What best protects you from a stock going to zero?
Trust your gut before we get structural.
Assessment
What best protects you from the rare case where one of your stocks goes all the way to zero?
One of your names goes to zero 📓 What actually saves you?