Continuing the gyaan series…

• Risk has to be managed BEFORE starting the journey, not AFTER the event happens
• Whether it is sex or investing – protection has to be taken before the event 🙂
• Long term wealth creation has LONG PERIODS of wealth PRESERVATION, growth can wait
• Risk control is more GREED control in a volatile market
• Tops and bottoms in markets are for novices and amateurs – played with luck NOT TALENT
• Skim the market, but leave the tops for the amateurs
• Professionals have to control greed and fear – at least do it partially instead of waiting with full portfolio
• Minimizing drawdowns is critical for equity WEALTH creation
• Small simple nos. are far better than volatile big numbers for long term wealth creation, but IMPOSSIBLE to find
• Capital preservation is far more critical than what people give it credit for
• Alpha generation is through RISK MANAGEMENT, not portfolio selection
• Choosing to buy contrarian to the market is good in theory difficult to execute