I often refer to the importance of risk management in the investment world. This great read from Watson Wyatt goes in-depth on risk and the history of risk. This is a great stepping stone for investors who are still trying to understand the importance of risk management.
Thanks to Paul Kedrosky for the link.
![Cullen Roche](https://pragcap.com/wp-content/uploads/2022/01/Headshot2022-1-144x144.png)
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.