willingness.................

 

     What's important to recognize is that risk and reward are attached at the hip.  If you cannot deal with uncertainty and volatility, you should expect to earn lower returns.  If you desire higher returns, you need to become comfortable with drawdowns and unexpected events vaporizing a piece of your portfolio on occasion.

     If there's one lesson this book hopes to leave you with, it's that risk cannot be avoided—it's something you have to manage, understand, and ultimately respect. . . .

    The real secret to investing, as it turns out, is no secret at all.  It's the willingness to accept that pain and progress are two sides of the same coin.  It's having the courage to hold when others sell, the humility to admit what you don't control and focus on what you do.

     You don't need to outsmart the market.  You just need to outlast it.

-Ben Carlson,  Risk & Reward