4min chapter

Superinvestors and the Art of Worldly Wisdom cover image

#47: David Hay On Balancing Risk Management With Timely Opportunism

Superinvestors and the Art of Worldly Wisdom

CHAPTER

How to Balance Risk Management and Risk Appetites in Client Portfolios

Sally Kohn: It seems like a paradigm shift from what we've seen virtually over the course of your entire career. How do you balance managing risk in client portfolios with client risk appetites? She says almost all clients are too aggressive right now, and there hasn't been nearly enough rebalancing that's gone on. Kohn: The market has looked expensive for seven or eight years; I mean, any warning about it looks like a fool’s errand.

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