Value Investors Know The Dangers Of Reacting To Short-term VolatilityGuest Post
Value Investors Know The Dangers Of Reacting To Short-term Volatility Via George Athanassakos, The Globe And Mail
Finance academics define risk as volatility, whereas value investors see risk as the probability that adverse outcomes in the future will permanently impair the business’s potential cash flow and investor’s capital. Which is correct? It all depends on your investment horizon. But if maximizing terminal wealth is of importance to investors, and it is . . .
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