There exist market risk, investment risk, credit risk, failure-to-match-maturities risk, commodity risk, terrorism risk, and many more types of risk. The idea of general risk is not helpful in a safe and cheap analysis. When financial academics and sell-side analysts refer to risk they almost always mean only market risk and usually very short-run market risk

There exist market risk, investment risk, credit risk, failure-to-match-maturities risk, commodity risk, terrorism risk, and many more types of risk. The idea of general risk is not helpful in a safe and cheap analysis. When financial academics and sell-side analysts refer to risk they almost always mean only market risk and usually very short-run market risk

Martin J. Whitman;Martin Shubik. The Aggressive Conservative Investor (Kindle Locations 217-218)

There exist market risk, investment risk, credit risk, failure-to-match-maturities risk, commodity risk, terrorism risk, and many more types of risk. The idea of general risk is not helpful in a safe and cheap analysis. When financial academics and sell-side analysts refer to risk they almost always mean only market risk and usually very short-run market risk.

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