In today's polarized world, political risk remains an important consideration for investors. In this episode, I offer a definition of political risk, how we can analyze it, and what steps we can take to mitigate and budget risks within our portfolios. This segment makes frequent reference to the investigations currently plaguing Alibaba and Facebook. These legal battles represent a relevant benchmark for the perils of when political risk rears its ugly head. Finally, I offer a framework for how you can think about political and regulatory risks when investing your money.