Episode Details

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Worrying about a bank run is not advisable, especially considering how well positioned they are now. New Zealand banks fared well in 2008 and from what I hear, they sound super profitable. As an investor, continual market awareness is a small price to pay for insurance against uncertain times though. If you have faith that in the long term, a traditional approach to investing is a prudent strategy (and that’s a pretty safe bet btw!) this really should cause you no concern whatsoever. Having said that, many local commentators often remain silent on a risk we all quietly worry about. There’s a blind spot everyday investors have as a result: No one talks about the risk of systemic failure of the banking system. It’s not a profitable concern for one’s own career in this field, but I believe we should be framing a diversification discussion using old and new, alternative forms of decentralised money. Read more here

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