2018 Year End: Rewarding An Investor For Discipline and Risk Management
Investing is not a riskless process and returns do not materialize in a forty-five-degree angle. As evident in 2018, returns can come and go very quickly. This is why it is imperative to consider risk first. While it is easy to get lost in the noise of various metrics, academic jargon, news, and “conventional wisdom”, risk to an investor is as SIMPLE as drawdown of capital.