Jered crushes it here--invest based on *your* parameters for risk, not someone else's.
Think about how this applies to your risk management decisions. Are you making risk management decisions based on what your traders' risk tolerance *should* be, or what it really is?
Figuring out what that risk tolerance really is doesn't come out of a model or a corporate budget. It requires time and more than a few conversations.
https://www.bloomberg.com/opinion/articles/2019-03-01/the-key-to-investing-success-is-less-stress
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