The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
I
Idiosyncratic Risk
The goal is to reduce the idiosyncratic risk that comes from today’s transforming global political environment and fast technological change.
Irreplaceable Capital
We often manage most of our clients’ money. Many times, it’s all their investments. So we treat it as irreplaceable capital. When you’re 60 and nearing the end of your working years, you can’t really recover from big mistakes.
