Risk_Management_and_Investment_Philosophy_-_Scott_Bessent
Risk Management - Small Losses vs. Catastrophic Risk
Retail is too averse to small risks and leave themselves open to catastrophic risks... [Professionals] don’t think of losing a million dollars in a day as a risk. That’s just what happens if you’re tossing a coin.
Retail is too averse to small risks and leave themselves open to catastrophic risks... [Professionals] don’t think of losing a million dollars in a day as a risk. That’s just what happens if you’re tossing a coin.