Black swan funds have been doing neat things. But I didn't mean to imply I'm concerned about this as an individual investor. I'm honestly not that concerned ab

Black swan funds have been doing neat things. But I didn't mean to imply I'm concerned about this as an individual investor. I'm honestly not that concerned about it at all, because it seems like an unlikely problem. But to whatever extent I am, the question wouldn't be "how do I protect my own investments?" It would be, "how should we protect all the retirement savings across the country that are placed under passive management automatically?" To really answer that question though, we'd probably have to know the actual level of risk and the timing of any crisis, which aren't trivial questions.