In today’s Big Picture podcast, we discuss risk management: how to do it and why you should be doing it. Jim Puplava explains why most investors don’t want to be 100% invested right now, how much he has in cash, and what will lead him to raise more. In the second part of today’s Big Picture, Jim discusses the art of contrary thinking and the danger of mass media, tying together our earlier interview with Todd Mariano on the geopolitical situation and the stark contrast between his comments and Brian Williams at CNBC where North Korea is being portrayed as the equivalent of the Cuban Missile Crisis.
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