Risk Tolerance

“And also I think if you've lost a parent at that age life can't get much worse. So you're prepared to take risks because you've started from a horrible starting point.”

“I think everyone has a relationship with risk, and it doesn't really change. You may get a little better with it, a little more experienced, But you have a certain Ability to deal with that uncertainty. And I think that comes from birth.”

“That said, I will say one of the main lessons I learned from that time is that your risk tolerance has to be the lesser of my risk tolerance in time horizon or the asset owners.”