How to beat Wall Street, Build passive wealth and stop worrying about money
Congrats!
Thanks!
Congrats and good luck!
I assume you are also laying out a rational theory to estimate risk?
As we humans are generally bad about doing so, how do you approach this?
How do you concretely estimate risk and potential upside?
Personally, I always calculate the risk (i.e. potential loss) as a percentage of my net worth.
I do the same regarding the potential upside.
This allows me to exactly quantify the potential impact of best and worst case.
What are your thoughts on this?
Congrats!
Thanks!
Congrats and good luck!
Thanks!
I assume you are also laying out a rational theory to estimate risk?
As we humans are generally bad about doing so, how do you approach this?
How do you concretely estimate risk and potential upside?
Personally, I always calculate the risk (i.e. potential loss) as a percentage of my net worth.
I do the same regarding the potential upside.
This allows me to exactly quantify the potential impact of best and worst case.
What are your thoughts on this?