STREET DOGS: Time-honoured bromides on risk
High-risk investments cannot be counted on for high returns
24 February 2021 - 15:20
“Time-honoured bromides” on risk from Howard Marks:
The market awards appropriate risk premiums: The truth is that investors’ risk-averseness fluctuates between too much and too little. When it’s the latter, scepticism and conservatism dry up, due diligence is inadequate, risky deals are easy to pull off, and compensation for risk bearing usually turns out to be insufficient...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.