The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
R
Risk (as Permanent Loss of Capital)
Volatility is not risk. Risk to us is permanent loss of capital.
By Vitaliy Katsenelson
Volatility is not risk. Risk to us is permanent loss of capital.
View IMA's regulatory filings which includes ADV Part 2A & 2B, form CRS, firm's brochure, our conflicts of interest disclosures,
samples of our quarterly letter, and privacy policy by following this link. © 2026 - All Right Reserved.
