Uploaded December 2024 | Updated September 2026, 2 weeks ago
Paul starts with an introduction and admission of his challenges managing risks related to diet and health. He then gets Chris and Daryl to chime in with their definitions and perspectives on risk.
Daryl then shares a framework for evaluating risk from his days as a systems engineer. The framework looks at risks in two dimensions: likelihood and impact (or severity). He describes how the framework can help prioritize which risks to mitigate and gives examples of how some financial risks might be reduced in both dimensions. Chris is reminded of the book "Die with Zero," and mentions how risks extend beyond finances to experiences.
Paul, Chris, and Daryl then discuss some of their challenges in managing the risks of their own portfolio allocations and how their behaviors differ from what might be considered ideal. This leads to discussing the dangers of learning the wrong lessons with examples from inside and outside the personal finance world.
Paul reads from the Jonathan Clemens article that inspired this podcast: "The Risks We Miss." humbledollar.com/2024/07/the-risks-we-miss
Paul then closes out the podcast.
Outtakes include Paul and Chris discussing how the Best-in-Class ETFs can help mitigate risk, and what Daryl wants for Christmas.lmerriman.com, for hundreds of free podcasts, articles, recommendations for ETFs, mutual funds, 401k plans and free eBooks and more.
Paul starts with an introduction and admission of his challenges managing risks related to diet and health. He then gets Chris and Daryl to chime in with their definitions and perspectives on risk.
Daryl then shares a framework for evaluating risk from his days as a systems engineer. The framework looks at risks in two dimensions: likelihood and impact (or severity). He describes how the framework can help prioritize which risks to mitigate and gives examples of how some financial risks might be reduced in both dimensions. Chris is reminded of the book "Die with Zero," and mentions how risks extend beyond finances to experiences.
Paul, Chris, and Daryl then discuss some of their challenges in managing the risks of their own portfolio allocations and how their behaviors differ from what might be considered ideal. This leads to discussing the dangers of learning the wrong lessons with examples from inside and outside the personal finance world.
Paul reads from the Jonathan Clemens article that inspired this podcast: "The Risks We Miss." humbledollar.com/2024/07/the-risks-we-miss
Paul then closes out the podcast.
Outtakes include Paul and Chris discussing how the Best-in-Class ETFs can help mitigate risk, and what Daryl wants for Christmas.lmerriman.com, for hundreds of free podcasts, articles, recommendations for ETFs, mutual funds, 401k plans and free eBooks and more.
