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2min chapter
Morgan Housel — The Best Story Wins (EP.100)
Infinite Loops
Why You Don't View Volatility as Risk
I think it's possible to view volatility in a way that is not risk. If the volatility is forcing your behaviors into do something that becomes risky, primarily selling, then it's definitely risk. But it definitely is risk if the volatility forces you to sell. And a lot of people it does. I understand why it happens. I think it's just interesting to watch. We made some investments. The funny thing that happened was, literally a month after we made the investment, we got the statement. It had lost 50 % of its value in one month and i'm wi. So the thing that my first learning on this is it's very volatile.
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