The Spence Nagle Taleb School of Thoughts

The Spence Nagle Taleb School says there's not risk of a blow up. They don't use leverage. The risk is that the market never crashes. So if you have, say, 97% of your funds in St. S&P 500 index and then 3%. You're probably going to do better than other hedge-like strategies. Even though that crash protection isn't paying off, you get a lot more upside from the stock market.