Protect and Participate

Protect and Participate

  “Risk isn’t what you think is going to happen, it’s what hurts if it does happen.” David Dredge, Convex Strategies   Reading and listening to David Dredge has been a joy; it’s a great thing to see how a practitioner can...
Protect and Participate

The Real Purpose of Risk Mitigation

“I argue that cost-effective risk mitigation, when done well, doesn’t just take you out of risk, but actually allows you to take on more risk.” Mark Spitznagel We’d tweak “take on more risk” to “pursue more return” but...