Improving Shareholder Value is the Best Risk Management Tool Alleviate Extreme Stresses and Make Rational Decisions

Sacrificing on the Upside as Protection for the Downside

I’ll sacrifice some upside in bull markets to protect the downside in bear markets. That provides a valuable service to the average investor who can’t handle the level of volatility inherent in equity investing. It also allows me to spend less time talking to upset investors.