A risky strategy

There has been an interesting debate in light of most asset classes falling recently, on investment risk and strategy, both in trade press and professional bodies such as the CII. I would like to try and bring what I see as one of the key issues to the attention of those of you who have not followed the debate, and summarise them for those who have. What is risk? There are many forms of risk, but I am talking about investment risk. I saw an excellent article recently that listed 25 different risks that are directly or indirectly related to investment. I want to start with risk tolerance. ...