Brendan McCurdy: 10 ways to approach risk

There is no better time than the present to assess our approach to risk. So consider this, from one of Goldman Sachs Asset Management's founding thinkers, Bob Litterman:  "Many investors assume, incorrectly, that the purpose of risk management is to minimise risk. In fact, many investors even go so far as to worry that too much focus on risk management will constrain their portfolio managers and inhibit their ability to generate positive returns. Nothing could be further from the truth. "In an investment portfolio risk is necessary to drive return...