Before the US 2008 crisis, many were sure that it was stupid to think the housing market was a bubble because every major bank and investment firm seemed to be doing just fine until things went south. Only some financial analysts could see it was a bubble, which was going to burst soon.
Anshul Gupta, Co-Founder at WintWealth, says, “The lesson from the 2008 crisis is that we don’t know what holds in the future; that’s what makes it risky – One’s ability to take high or low risks entirely depends on the individual’s situations, goals and, more importantly, where he/she comes from. That’s what risk appetite is.”
For instance, Ravi has lived in an environment where his peers have taken risky bets and lost their money. He naturally will likely
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