Asymmetry Is Defined by Downside, Not Upside

Asymmetry in investing is often misunderstood as large upside potential. In reality, true asymmetric risk/reward is defined by controlled downside, not imagined gains. Without a clearly defined loss, upside narratives are irrelevant because unbounded risk dominates long-term outcomes. Asymmetry begins with survival. Read here: Asymmetry Is Defined by Downside, Not Upside

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