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You might ride a bike 100 times without a helmet and have no problem, but one fall can wipe it all out. That single moment reminds us that in life and investing, some risks don’t average out over time.
So, what does it mean to wear your helmet?
Today’s essay: The “D” word, we explore how this idea applies to more than just bike helmets. It touches on how we manage our careers, our finances, and even national debt.
When ruin is permanent, survival is the dominant strategy.
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