Rainier's Column Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rainier's Column

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HeyRainier who wrote (103)	1/3/2001 12:09:42 PM
From: HeyRainier	Read Replies (1) of 106

The following is a great quote from Thomas A. Stuart of Fortune back in February that I found is the central tenet of trading: Risk--let's get this straight upfront--is good. The point of risk management isn't to eliminate it; that would eliminate reward. The point is to manage it--that is, to choose where to place bets, where to hedge bets, and where to avoid betting altogether...the goal is to maximize the gains from the risks you take. That page from the February 7, 2000 issue of Fortune is taped to my wall to remind me constantly of the need to take risks, but also, of the the need to manage one's risk in trading. Rainier

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next