Most people think of risk as the probability of losing money. But the real risk is the permanent impairment of capital — a temporary price decline is not a loss unless you sell. The investor who confuses volatility with risk will systematically sell at exactly the wrong moment.
You might also like
the biggest risk for today's founders may no longer be thinking too big, but thinking too small
The a16z Show
It seems like everyday Taiwanese people don't have the same uh sense of uh battle preparedness and and bellacosity when it comes to uh mainland China as the Ukrainians do towards uh Russia. Maybe I'm misreading this. Uh, but I when I go to Taiwan, I I and even mainland China, I don't sense, you know, this degree of urgency that, you know, one would have sensed in the in the years leading up to the Russia Ukraine crisis.
China Decode
People have this image of nuclear when they think about nuclear they think about Chernobyl they think about Fukushima these really salient high impact single events and I think that in some sense that skews our perceptions to thinking that nuclear is incredibly unsafe source of energy.
The Prof G Pod