Morningstar's Risk Management Boot Camp
Investors can't avoid risk. Instead, train yourself to take control of it.
Risk is a fact of life for investors. Yes, it can punish--sometimes severely. And it can surprise, when misunderstood. But risk also can reward, sometimes generously, if managed well, with patience and perspective.
The point with risk is not to avoid it--because you can't. But you don't have to blindly submit to it, either. The point with risk is to take it. Actively take it. Deliberately take it. Take it with purpose, in the right balance and for the right reasons.