Most people view risk taking primarily as a way to make money. Bearing higher risk generally produces higher returns...But it can’t always work that … - Howard Marks

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Most people view risk taking primarily as a way to make money. Bearing higher risk generally produces higher returns...But it can’t always work that way, or else risk investments wouldn't be risky. And when risk bearing doesn't work, it really doesn't work, and people are reminded what risk's all about.