115 - Informed Risk
Maven Money Personal Finance Podcast
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I Don't Want Any Risk, Says the Financial Illiterate
Risk is one of those words that frequently use, frequently quoted, but there's no common definition or understanding of it. Warren Buffert and charle munger were both asked at the berkshire hathaway 19 97 morning session, 38 minutes in, would you give us your definition of stock market risk? As professional advisers, we should never let the word risk pass without exploring exactly what it means. The real financial risk that we all face is out living our money. We're all seeking to have a 30 plus year retirement of independence and dignity. To achieve that, we need to become financial literates.
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