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Ignoring risk is a dangerous strategy in the world of finance from "summary" of Against the Gods by Peter L. Bernstein
To ignore risk in the world of finance is to play with fire. It is akin to sailing into a storm without checking the weather forecast or venturing into battle without knowing the strength of the enemy. Risk is an ever-present reality in the realm of finance, and those who disregard its significance do so at their peril. Risk is not a static concept; it is dynamic and constantly evolving. It can arise from a myriad of sources, such as market fluctuations, economic downturns, geopolitical events, or even human error. By turning a blind eye to risk, one is essentially setting themselves up for potential disaster down the line. In the world of finance, risk is not something to be feared or avoided at all costs. Rather, it is a factor that must be carefully considered and managed in order to achieve success. Ignoring risk is a dangerous...
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