Dr. Rick Bookstaber - How the Psychology of Risk Shapes Our Choices
Standard Deviations with Dr. Daniel Crosby
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Do You Have a Risk Management Strategy?
Rick Yokno: A lot of people's unhappiness was from trying to play it too safe. People right now are not really typically diversified, even though they think they are. If 25 % of the market camp is in ten names, you're not diversified. And for the security level, you want to be super diversified and lower risk. For your aspirations, it doesn't matter as much. So a key first step is to realize that holding a portfolioright now, holding a portfolio that's market capitalization waited, is not diversified at all.
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