2min chapter

Superinvestors and the Art of Worldly Wisdom cover image

#32: Christopher Cole On Appreciating Risk

Superinvestors and the Art of Worldly Wisdom

CHAPTER

How to Tolerate Volatility and Value Strategies

What is it about people like us? Maybe it's just an unanswerable question. I think a lot of people like to be right and they feel the need to be right. And so it's psychologically seductive to be in the opposite trade where you're shoring the put options year after year after year.

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