Risk & Volatility
What a decline actually feels like
The statistics describe the magnitude and not the experience, and the experience is what determines behaviour.
Topic
drawdown
Every Finance Spyder article tagged drawdown — 5 pieces across 2 sections.
Risk & Volatility
Understanding volatility measures
Standard deviation, beta, drawdown and value at risk each measure something different, and all have known limitations.
Asset Allocation
Drawing an income from a portfolio
The accumulation problem and the decumulation problem are different, and the second is considerably harder.
Risk & Volatility
Sequence risk and why it matters at retirement
The order in which returns arrive is irrelevant while accumulating and decisive while withdrawing.
Risk & Volatility
What risk actually means in investing
Volatility is not the same as risk, and the risk that matters is the risk of not meeting your objective.