A fantastic discussion about Risk... by Howard Marks of Oaktree Capital, one of the great investors of our age.
Strong recommend.
https://www.oaktreecapital.com/insights/insight-video/education/how-to-think-about-risk-with-howard-marks
Risk is not volatility
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Correct.
I like to say, "Risk only equals volatility in academia."
Maybe that’s why the saying goes, “Those who can, do; those that can’t, teach.”
Thanks for sharing, I 100% agree with you and the video. Great explanation!