Considering this challenge that we all face as managers and would-by leaders, what can we do to prepare ourselves for when the market delivers a challenging event?  

As managers and potential leaders, it is essential to be prepared for challenging events that may arise in the market. To do this, it is important to understand the risks associated with different investments and develop strategies which can help mitigate their impact. Specifically, diversification is a key factor for reducing portfolio volatility since it helps spread out risk across different asset classes; additionally, utilizing hedging techniques such as options or futures contracts can also help protect against losses due to sudden price movements.

It is also beneficial to constantly monitor conditions within the markets so that any warning signs of an impending downturn are identified early on. This could involve staying abreast of news related to economic indicators/political developments as well as tracking changes in consumer behavior or pricing trends in order to anticipate shifts which could affect performance going forward.

Finally, having contingency plans in place before a crisis hits can be highly beneficial because they provide guidance when making difficult decisions during uncertain times; these plans should include both short-term and long-term objectives that focus on preserving capital while still allowing for some growth if possible. By taking all these steps prior to any major event – managers will be better positioned towards navigating through turbulence and achieving sustainable success even under challenging market conditions.