Charlie Munger quote: Using volatility as a measure of risk is nuts. Risk...

Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.

Charlie Munger

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Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. - Charlie Munger

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