In financial circles, the investment strategy many people pursue during chaotic times is known as the 'flight to safety.' That means dumping risky assets such as stocks and buying safer ones such as government bonds. This is not just a financial strategy, but a human one. When things get chaotic, eliminate your exposure to risk and hunker down. That's the safe bet. Or is it' In 1932, when economic circumstances were far scarier than anything we face today'unemployment had soared to 23.6 percent and economic growth was negative 12.9 percent'Franklin D. Roosevelt, who was running for president that year, gave a speech at Oglethorpe University, in Atlanta, in which he proposed experimenting and risk-taking as a response to trouble. 'It is common sense to take a method and try it,' he told the students. 'If it fails, admit it frankly and try another. But above all, try something.' He won, and he did try something'launching the New Deal, which permanently changed the role of the federal...
learn more
