You Are Risk Averse?

At least based on recent experience, there may be a couple of types of people that exist when it comes to investing and personal finance.

There are those who are risk averse. Then there are those who believe that you should be extraordinarily optimistic towards life and its possibilities. After all, what goes around comes around.

Which might you be?

Every person that comes through your life has a natural disposition. You're not wrong either way - you are who you are.

This post may be dedicted, however, to those who wish to manage their potential losses - it is all and easy to say you wish to be the next billionaire, but how might you actually go about achieving it?

There are natural fears:

• what if I cannot feed myself?

• I have kids to feed.

• everybody needs a roof over their head you know.

How is it done?

Just one school of thought about succeeding and making it in financial life comes from the former deputy of Warren Buffett and Berkshire Hathaway, Charlie Munger.

A former lawyer, Charlie's seminal work, Poor Charlie's Almanack, simplifies for the reader, how to handle the risk that the average person of the street may be so worried about.

The fears are natural, and the concerns are arguably real.

h as invertion and behavioural tendencies). They are worth their weight in gold.

And what's worse than the fears? Not knowing what you don't know. Don't get caught in blind spots, when your money is on the line.

But Charlie Munger was arguably also one of if not the richest most successful lawyer who lived. If you wish to learn from such a successful person about managing your risk, look out for his book, Poor Charlie's Almanack. Read about his ideas (suc