I wonder if the same goes for the production of credit & the money supply?
Accepting the relationship between risk and stock levels is key, but reducing stock levels without first reducing risk is tantamount to commercial suicide.
Another article from Roger Martin, Dean of Rotman School of Management, that provides a contrarian view to portfolio management theory. Michael Lee Chin bets the farm on 1 stock & wins.
The part I like the best is the comment that "The Chinese character for 'crisis' combines the characters for 'danger' and 'opportunity'". I wonder how you write Fear & Greed in Mandarin?