#32: Christopher Cole On Appreciating Risk
Superinvestors and the Art of Worldly Wisdom
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The Importance of Risk in Volatility Trading
Chris Cole: Most successful investors seem to internalize the idea that they should focus on risk first and let rewards take care of themselves. He says volatility can never be destroyed, it can only be transmuted in shape and form. "This mainstream view that central banks have somehow suppressed tail risk runs, I think, quite counter to common sense"
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