Risk management is not about avoiding risk as that means sacrificing the chance of gains. Instead, explains Greg Davies, risk management is about achieving the best deal for the risks investors choose to accept
As a supplement - or possibly, in some more care-free circumstances, a substitute - to a psychometric assessment of risk tolerance, an adviser may sketch a chart like the one below and then invite an investor...
Do I escape the status quo effect?
'Unenviable task for advisers'
'Be fearful when others are greedy'
'A -20% return has serious consequences'
The Pro Adviser Podcast
Following Bailey's BoE role