Avoid excessive risktaking from "summary" of The Dao of Capital by Mark Spitznagel
The idea of avoiding excessive risk-taking is a central theme in the philosophy of capital and investing. It is not about avoiding risk altogether, but rather about being prudent and thoughtful in one's approach to taking risks. This concept is rooted in the belief that taking on too much risk can lead to disastrous consequences, and that a more measured approach is ultimately more sustainable and profitable in the long run. Excessive risk-taking can be tempting, especially in times of economic prosperity and market exuberance. However, it is important to remember that markets are inherently unpredictable and that what g...
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