“Using volatility as a measure of risk is nuts.” Charlie Munger The future is full of possibilities, some good some bad. Risk comes from not knowing which of them will come to pass. Given it’s impossible to imagine and consider every potential outcome, we focus our energy on the most likely ones. In market speak, […]
When Volatility Knocks | August 2017
“Using volatility as a measure of risk is nuts.” Charlie Munger The future is full of possibilities, some good some bad. Risk comes from not knowing which of them will come to pass. Given it’s impossible to imagine and consider every potential outcome, we focus our energy on the most likely ones. In market speak, […]