Baby steps into the investment universe - Risks; Part 3 of 3

Fundamentals 04-3: Learn how to mitigate against risk. There is also a selected URL of free resources for self-learning at the Advanced level and about Risk. Revision date: 12 August 2020 In Part 2 of 3 , I provided the steps to develop your skills in analyzing companies and valuing them. But learning to invest is more than those because things do not always turn out the way you expect. You can even lose money. Bad things do happen. This is risk. Charlie Munger has said that all investment evaluation should begin by measuring risk. Learning how to manage risk has to be part and parcel of learning how to invest. But bad things happened not only because of poor skills or even bad luck. It can also be due to your behavior. In learning how to manage risk, you should also learn about how your behavior can affect risk. In this Part, we will cover the risk and behavioral investing part of the ‘How to invest”. There is also a list of resources for the Advanced level, risk, and behav