You Get What You Put In: No Risk = No Returns

The avoidance of risk yielding the avoidance of returns. In asset management terms referring to why a critical path of ten-levels of bottom-heavy diversification of risk in asset management will never generate consistent outlier returns, regardless of the asset in question.

From My message to LPs, more discipline please, published March 15, 2010.

Let’s lead the world by example with new rigors of excellence we first and successfully apply to ourselves.

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