Podcast #109 with Dr. Ron Picanini: You Don’t Actually Understand Risk (And Why That’s Dangerous)
Most investors talk about “risk” as if it means price volatility, standard deviation, or how bumpy a chart looks. That definition breaks down the moment real life shows up. A more practical portfolio risk management view is: if you borrowed money to hold an asset for a day, how much
Branden DuCharme, CMT
April 20, 2026