Whom Fortune Favors: Things that Matter #1, Pt. 2

Part 1 of this note highlighted the supremacy of the risk decision in portfolio construction. In this follow-up, Rusty observes that many investors may be assuming that the natural risk of asset classes is “right” for them.

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Whom Fortune Favors: Things that Matter #1, Pt. 1

President Camacho

Of all the decisions you make as an investor, how much risk you take outweighs all of them. It is more important than costs, more important than diversification, more important than picking the right stock / fund / investment.

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And They Did Live by Watchfires: Things that Don’t Matter #4

Oliver Bird

For the bored (read: profitable) investor, the bias to action is a constant threat. As we become more passive in our strategies, the moral license to ‘do something’ is exaggerated, and must be curtailed.

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