BOSTON (CBS) — Karen Firestone, CEO of Aureus Asset Management, is the author of the new book Even The Odds: Sensible Risk-Taking In Business, Investing, And Life.
Firestone sat down with WBZ political analyst Jon Keller to talk about how her approaches to dealing with risk apply to selecting a president–a leap of faith that involves a lot of risk assessment.
“Voting is an act that involves risk, because every time you make a selection for a candidate, you assume that that candidate has your best interests at heart,” said Firestone. “Yours, your community’s, your family’s, and your country’s.”
Jon mentioned that voters can tend to trust their own info sources, and asked Firestone about the keys to making sure you’re getting good information and not just looking through a political filter. She advised people to start doing some research via comparative websites of the candidates’ policy proposals and how they might affect them individually.
“People don’t really understand usually how a policy might affect their job, or their community, their city, how the municipality works,” she said, adding that people should do the individual research “because it’s a risk not to d0 that.”
Keller and Firestone talked about the recent Brexit vote, and what Firestone advised her clients about it.
“What we said is that the markets have a tendency to over-correct at times, and then they return, they revert to the mean,” said Firestone. “It dropped very hard and then it started to come back.”
Firestone also gave advice on what to remember when assessing risks in their own financial and political lives.
You can listen to Keller At Large on WBZ News Radio every weekday at 7:55 a.m. You can also watch Jon on WBZ-TV News.