Banach Wealth Management Oct. 18, 2008 Guide Draft Ch. 2
Wealth Guide Section II Nature of Risk
Chapter 2 Uncertainties, Choices, & Catalysts
The word “risk” derives from the early Italian
“risicare”, which means to “dare”.
… The actions we dare to take, which depends
on how free we are to make choices, are
what the story of risk is all about.
-Peter Bernstein Against The Gods
Key Points
- Quantitatively deduct or intuitively feel?
- Hindsight doesn’t tell the full risk story
- Play the odds carefully
- Who do you trust?