Welcome to Money for the Rest of Us. This is a personal financial on money, how it works,

how to invest it, and how to live without worrying about it. I'm your host David Stein

today is episode 332. It's titled, What is Tail Risk? And are you taking too much of

it? Last week LaPrile and I got stuck in a rare snow and ice storm that hit Texas.

For millions were without power and unable to heat their homes. We had spent Saturday

night in El Paso, Texas. We saw there was going to be a winter storm between El Paso and

San Antonio where we were heading where we were dropping off my son and daughter-in-law's

Subaru that they had repaired back in Tucson where we spend the winters. We debated whether

we should stay in El Paso or not, maybe wait a day, but I thought I've driven in the

snow a lot. It's a Subaru. It has new tires. We should be just fine. And indeed the car,

at least for the first day, performed quite well. But it was an absolute mess. There were

so many wrecks. At one point there was a Chinese woman in the middle of the highway waving

us down. We thought it was another wreck. It turns out she and her husband had got stranded

on the other side of the expressway and needed a ride back to the next town where they had

a hotel. It took us eight hours of driving and we realized we wouldn't be able to reach

San Antonio. Our other son booked us a hotel in Osono, Texas because our cell phones weren't

working, right? The next morning the car was dead. We put in a battery and then we started

driving again. We didn't make it far. We got stuck at a rest stop. Our cell phones didn't

work. It was 15 degrees. I finally found somebody that called the police for us. Rescue us.

But before the police arrived, the car started again so we thought, well, we'll always try

to get to the next exit and maybe we could get a hotel. The car stalled again. We coasted

about a half a mile off the highway and ended up stranded on the side of the road in

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