Defense is 10 times more important than offense. You have to be very focused on protecting the downside at all times.
These are the wise words of hedge fund manager Paul Tudor Jones. His mantra seems a bit counterintuitive, considering an enviable track record that has made him best known for delivering outsized returns over the past four decades.
Credit: Reddit
Rock-star fund managers aside, I believe that risk management, rather than the search for higher returns, is a substantially more important topic of discussion for nearly all retail growth investors. The difference between the