So thankfully, I'm not stupid enough to think I can predict the next crash.
But I did want to be ready. And I wanted more than just a wishlist of stocks; when the time comes a list of businesses won't help me decide which to pick.
So I went through tonnes of Buffett's teachings and letters and pulled it together into a process I can copy , and a checklist for my portfolio.
I'm actually excited about the opportunity of a crash now. If your portfolio honestly ticks these boxes, you’ve got a great shot at being a long term winner, in my view:
1. **Can win regardless of external factors**
2. **Shows a** ***focused*** **strategy**
3. **Avoids** ***wealth destroying*** **industries**
4. **Exploits the best businesses in the** ***best*** ***industries***
5. **Has nothing from the** ***'too hard pile'***
If you want to see the breakdown so you know how to use the checklist, [ I've shared it for free here.](https://durableinvesting.substack.com/p/buffetts-portfolio-test-is-yours?r=8iygzz&utm_campaign=post-expanded-share&utm_medium=web)
