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"Risk comes from not knowing what you're doing." — Warren Buffett.
“The best investors do not target return; they focus first on risk and only then decide whether the projected return justifies taking each particular risk.” - Peter Bernstein.
In investment, the risk is inevitable, but its severity and probability vary. The book empowers you to manage the risk to - 1) minimize the losses and 2) weigh the opportunity cost. Further, you can devise the framework and strategies to take on long-term investment success.
The book is written to help you manage risk holistically. The risk could be from your own emotional biases that restrict your path toward success. Once you master yourself, you need to identify exceptional businesses to invest in, which act as compounding machines over time. Management plays a crucial role in the journey as they must be capable, trustworthy, and treat you as a business...
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