Investor Letters & Interviews

Risk in investing is often misunderstood —too many see it simply as the chance of losing money. But that’s only part of the story. This narrow view can lead to flawed decisions and missed opportunities. In reality, risk is about uncertainty—the range of possible outcomes and how well you understand them. A more intelligent understanding of risk empowers investors. It helps them make better choices and achieve stronger financial outcomes. Here’s where investors stumble—and why