According to Diego Parilla, “We are entering a dramatically different environment to what we lived in the last decade.” Parilla, the managing partner at Quadriga Asset Management, sees significantly higher volatility, significantly higher inflation, and significantly higher risk when he looks out to 2023. To manage it, he suggests you treat your portfolio as a manager would a football team, noting that the best way to confront what’s coming is to find balance, as among strikers, midfielders, defenders, and goalkeepers. In the fourth episode of our Don’t Wait Until January miniseries, Parilla explains to Maggie Lake why organizing a solid defense is the crucial first step to building a diversified portfolio in the new year – emphasizing options as the best way to do it. Recorded on November 30, 2022.