New Essay on Risk

[racemize]

Hi All, I recently had my wisdom teeth out and have read through all of Howard Marks' Memos (I was pretty drugged up throughout).  I have found his thoughts on risk to be pretty spot in and they resonate strongly with me.  In his honor, I thought I would start writing my own essays to solidify my thinking. 

 

Here's a link:

http://dl.dropbox.com/u/14968/stevensfund/reports/2012-04-02%20-Stevens%20Fund%20Essay%20-%20Know%20Your%20Graph.pdf

 

I had hoped to make it as easy to read and understandable as Marks or Buffett, but the thrust of this essay is somewhat technical and abstract, so I don't know how well I did on that front.  In any event, I hope this is useful for others.