Volatility is genuine risk because it induces investors to abandon their plans
Brian Portnoy · Brian Portnoy – From Complex to Simple (Capital Allocators, EP.57) · Jun 18, 2018 · at 50:55
Brian Portnoy, author and Director of Investment Education at Virtus Investment Partners, challenges traditional value investor views on risk and volatility on Capital Allocators.
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“The smartest of the smart guys say that volatility is not risk. And I strongly, strongly disagree. Because if you're, what you're really trying to do is achieve your goals in life, and the more volatile an investment is, Makes it more likely that you're going to drop that investment probably at the worst possible time. It means you're very unlikely to meet your goals. So I think volatility is risk in a very profound sense”
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