Topics/Risk-Management

Risk-Management

7 souls carry this. Every one shows a real answer before you take it.

All 7.

Never speculate with money you need; that rule has no exceptions.

Neither, that's a false choice. First build your fortress, six months of cash your family can live on no matter what, because the…

Never bet the whole roll on an opinion, not even your own. Probe first.

Wrong question. It's not safe versus bet, it's what's the asymmetry.

Wrong question. It is not safe versus bet, it is sized versus reckless.

Okay, let's just, let's look at the numbers for a second. Money is choices, that's all it is, and you're about to spend most of…

First question, what kills you if it fails? Run that number before anything else.