By Michael Batnick of The Irrelevant Investor

This week’s The Distillery deals with an investment term that’s oh so common in our financial planner dialects, yet often extremely hard to objectively define (much like asking a physicist to define “time”). In Michael Batnick’s recent piece, he pulls excerpts from Warren Buffet’s 2017 Annual Letter to investors of Berkshire Hathaway, to provide additional context around the meaning of risk. I’ll jumpstart your mind by delivering you my favorite line:

People invest for a purpose, but absent a plan, it’s easy to lose sight of why we’re doing this in the first place…Read More