
12 points to understand Risk and take better decisions.
A thread


What is risk? Why it is important to to understand its implications.
Lets dive in
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Its also our inability to meet our desired outcomes
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3 Ways of dealing with Risk
Calculated risk -Earns constant or mediocre returns.
Risk averse-when people don't like to take risks and they're afraid of it.
Asymmetric risk-it's a huge risk with potentially high downside or upside these are non-consensus decisions.
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They don't want to take any type of risk but they forget that risk is inherent part of their lives.
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Those who take this type of risk can to go bankrupt too.
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How to deal with the risk pointers ?
Understand yourself
Have clear goals
Quantify your risk
Have exit rules and stop losses
Never risked more than you have
Debts are riskier for this reason
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Debts are riskier for this reason
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And checkout my other thread about NFTs
12/12 https://twitter.com/slaphacks/status/1377842384675872773