
SBF's Love of Risk
What Goes Up
Is There a Risk Tolerance?
Some people say that their approach to making decisions under uncertainty is to take a certain amount of their money and put it aside. But when I really analyze the decisions that they were making with that discretionary capital, they were nowhere near risk neutral. We don't really see this incredibly high risk aversion where people don't want to take any risk in the face of nice opportunities. Even more rare than a high risk aversion is this super low risk aversion, where it's like, just let me, you know, YOLO,.
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