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Risk Is Like Sex, Because...
... its payoff depends more on context than quantity. The same investment, or sex partner, has a different value to different people. Investments that pay off have a synergy with an individual investor's particular human capital, which is why finding alpha is just as much a process of self-discovery as it is of raw ambition. If you simply allocate your money into objectively risky investments you will lose money because in general investments are like banner-ad business opportunities that play on people's naive hopes to get rich. Obviously sex has different value depending on what, when, where, and especially who. ... (full story)
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- Jul 25, 2011 12:14am Jul 25, 2011 12:14am
- bdsilvano
- | Joined Feb 2011 | Status: Forex Master | 36 Comments
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- Jul 25, 2011 12:31am Jul 25, 2011 12:31am
- Jolly Roger
- | Joined Jun 2011 | Status: Member | 1468 Comments
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- Jul 25, 2011 12:48am Jul 25, 2011 12:48am
- Aladar
- | Joined Feb 2010 | Status: Less is more | 22 Comments
Less is more...