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FYI: Risk management starts with what Jeff Bezos calls the “regret minimization framework.” Project yourself to age 80, or age 90. “Looking back on your life, you want to minimize the number of regrets you have,” he says. Regards, Ted https://www.collaborativefund.com/blog/risk-management/
Carl Richards is often referenced in the context of risk management. He says smart things about investing in a simple way that most of us understand. That's also reflected in his many cartoons that drive his observations home. Here is a Link to a few of them:
Indeed, a Behavorial Gap exists and subtracts from our investment success. Pictures are a great way to make a point memorable. With a little luck and some discipline we just might be able to minimize our many mistakes. But some mistakes will always happen. That's the way it is.
Carl Richards got this right, and it’s a humbling but accurate view of the world: “Risk is what’s left over when you think you’ve thought of everything.”
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Carl Richards is often referenced in the context of risk management. He says smart things about investing in a simple way that most of us understand. That's also reflected in his many cartoons that drive his observations home. Here is a Link to a few of them:
https://www.advisorperspectives.com/newsletters12/pdfs/The_Best_of_Carl_Richards.pdf
Enjoy.
Indeed, a Behavorial Gap exists and subtracts from our investment success. Pictures are a great way to make a point memorable. With a little luck and some discipline we just might be able to minimize our many mistakes. But some mistakes will always happen. That's the way it is.
Best Wishes