E374: Why the Best Investors Prepare for Crashes Before They Happen

E374: Why the Best Investors Prepare for Crashes Before They Happen

May 21, 2026 · 32 min · Episode 374

About this episode

David Weisburd interviews Doug Hanly about building resilient investment portfolios that can withstand market volatility.

What if the key to outperforming isn’t taking more risk—but building a portfolio strong enough to survive volatility without breaking? In this episode, I sit down with Doug Hanly, CIO of the Louisiana State Police Retirement System, to discuss why liquidity, simplicity, and process are the foundations of durable investing. Doug explains why he views short-term government credit as the “supply depots” of a portfolio, how preparation during calm periods creates opportunities during crises, and why avoiding mistakes matters more than chasing complexity. We also explore governance, manager selection, portfolio construction, and how small incremental improvements compound into long-term outperformance.

People in this episode

Host: David Weisburd

Guest: Doug Hanly

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Keywords

Mentioned in this episode

Organizations: Louisiana State Police Retirement System

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