Risk management essential in investment strategy from "summary" of Essays of Warren Buffett by Lawrence A. Cunningham
Warren Buffett emphasizes the importance of risk management when it comes to investment strategy. He believes that understanding and managing risks is crucial for successful investing. Buffett argues that investors should not only focus on potential returns, but also consider the potential risks involved in any investment.
According to Buffett, risk management involves assessing the probability of different outcomes and preparing for potential losses. He suggests that investors should always have a margin of safety to protect themselves from unexpected events or m...
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