Some people like to take risks. Sky divers, racing drivers and people who swim with sharks come to mind. But I’m guessing you didn’t start investing just to take risks. In fact, you’d probably prefer it if the risks weren’t there at all. And that’s entirely reasonable; after all, why should you take risks with your hard earned money that you don’t have to? The problem is, most active investors are taking risks that they don’t even know are there and so when things turn nasty, they panic and do exactly the wrong thing. | 
