Defining Risk Better
Let’s define risk. The wall street folks define risk using Harry Markowitz’s approach, calling it volatility. They throw a “statistically significant” number of performance observations on a chart and come up with a variance—meaning how wide of a range is there from...
Keys to success as a financial advisor
Keys to success as a financial advisor. It is extremely common that any one investor might have one stock that is greater than, say, 10% of their portfolio. This can be the company they worked for over decades. This could be something inherited from a relative that...
Concentrated Positions
Managing Concentrated Positions It is extremely common that any one investor might have one stock that is greater than, say, 10% of their portfolio. This can be the company they worked for over decades. This could be something inherited from a relative that has...
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