3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP545: The Third Sea Change Has Begun w/ Howard Marks

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Relationship Between Risk and Return

I define that as the distillation of knowledge and simplifying things down to its essence. I had trouble just figuring out how to communicate that until I did my thing with the little bell-shaped curves. It's very dangerous to think that riskier assets are safe. But if you have to either write them down or create a graph which shows how things work, then I think you're called to a higher standard.

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