Risk Management !
Sound risk management is not about avoiding the risk .
Risk- avoidance means returns-avoidance!
If you want to make money , you have to take risk .
But you can’t make money by just taking risks !
You have to do it skillfully.
There has to be a process that should have following 4 elements :
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Risk that you’re aware of !
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Risk you can analyse
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Risk you can diversify
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And risk for which you’re highly rewarded to take
If these 4 necessities are satisfied , then there’re higher chances that you would get some positive outcome by taking risk .
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