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	<title>Financial Standard Comments - Avoiding the black swan</title>
	<description>In a world where major banks have passed the 'stress test' but not necessarily the smell test, investors should invest in portfolios that make small bets to gain big over the long term, said a fund manager who survived the '87 and '08 crash.</description>
	<link>https://www.financialstandard.com.au/feed/latest?story=25732</link>
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	<language>en-AU</language>
	<copyright>Copyright 2026 Financial Standard</copyright>
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