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Why not use the term "volatility" to describe volatility? Because without pretending risk is defined by volatility you can't pretend you can quantify all risk with volatility. Pretending is fun and some people will pay you to do it in this way! cnbc.com/2019/01/25/if-…
"While volatility is quantifiable and machinable – and can be an indicator or symptom of riskiness and even a specific form of risk – it falls far short as “the” definition of investment risk. [Investors] fear a possibility of permanent loss.” Howard Marks google.com/amp/s/25iq.com…
Fund managers fear volatility since that can cause customers to flee! But customers can also flee due to a permanent loss of capital or a strait line one way drop in value.
Volatility created by markets is what creates investing opportunity for a margin of safety investor.
Volatility created by markets is what creates investing opportunity for a margin of safety investor.
