We're at university together http://www.shoptopsllc.com/securestbiz-bfcc.pdf icastelinho.com  First off, a default is Armageddon, and as you may have heard, no-one survives Armageddon. That means that for money managers, who work against a benchmark, it is sort of meaningless. While Noah gets props for the ark, very few money managers lie awake at night fantasizing about outperforming during a nuclear winter. It probably won't come and they will all be out of luck if it does.