De-risking a portfolio (reducing exposure to risky assets to match your risk tolerance) is a form of 'dancing to where the puck already is' rather than 'skating to where it's going'—it's avoiding the temptation to chase recent winners even when that feels like missing out.

factualpending

Speaker

Justin Carboni

Evidence Quote

drisking is just a version of not looking like somebody's high risk...I don't have to chase this

Source

Practical Lessons from Ben CarlsonExcess Returns
Created: 8/11/2026, 7:52:29 AM

My Notes

Loading notes...