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    3 key takeaways on risk

    Abstract:3 key takeaways on risk
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    This is a short article at Zero Hedge that is very instructive indeed and worth a read.

      Point 1 looks at human risk aversion due to asymmetric evaluations of gain/loss

    •   i.e. the pain of a loss is twice the joy from a gain

      Point 2 is that risk tolerance is inextricably intertwined with personality

    •   My key takeaway from this is that if you are of the lower risk personality, that's cool - you just have more work to do!

      and Point 3 channels Seneca: “we are more often frightened than hurt, and we suffer more from imagination than from reality”

    •   i.e. “risk management” isn't just about minimizing loss - it is also about not letting fear get in the way of optimizing investment outcomes.

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