How to “Crash Proof” Your Portfolio

by Michael Covel
Daily Reckoning

Want to hear a great story? It’s a modern-day fairytale…

It’s about SunEdison, a renewable energy company whose shares skyrocketed in recent years.

SunEdison was the darling of the world’s most successful hedge fund managers, including multibillionaire David Einhorn of Greenlight Capital. They plowed billions into it.

The media joined in with the circus hype too. It “reported” that the company was a “magic money machine” whose revolutionary business plan was throwing off hordes of cash.

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