Risk is a worthy opponent.
It hides in plain sight…mutates incessantly into various forms…waxes and wanes and keeps that one master stroke hidden for the final punch.
Our very gradual evolution has rendered us incapable of dealing with life’s complexity.
We want all the things to make sense and attach simplistic stories to every twist and turn!
And in financial markets, the packaging is a sure-shot way of presenting what is desired by unsuspecting investors.
Focus is diverted to results while downplaying the pitfalls and whenever both sides are presented, the real risk factors get swept under the carpet.
You get something to chew on and mostly walk into the trap with an assurance of knowing the whole story.
And when it hits you, risk management gets a bad rap!