Hemingway on Hesitation and Risk
“Hesitation increases in relation to risk in equal proportion to age.”
The novelist stumbled on a sound principle of investing, which states that as you get older and have more to lose, your risk tolerance diminishes. One key to investing is to know just how much risk you’re willing to accept, and determining that is largely a function of where you are in relation to savings and retirement. Hey, even an old man in the sea realizes you need to adjust your risk for changing circumstances, so be sure and open your own book and read between your own fiscal lines.
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