'De-risking' is a version of not looking like somebody is taking high risk—it's conceptually similar to Buffett being 'poor' relative to Bezos: you don't have to chase every high-performing asset if you can accept that you're giving up some relative returns, and you should skate to where the puck is going (not where it already is) rather than chasing what has already worked.

normativepending

Speaker

Justin Carboni

Evidence Quote

drisking is just a version of not looking like somebody's high risk it's Buffet being poor relative to Bezos... I don't have to chase this... don't skate to where the puck already is

Source

Practical Lessons from Ben CarlsonExcess Returns
Created: 8/11/2026, 6:21:49 AM

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