CIO Jason Hsu’s recent appearance on Bryan Huhn’s Affordable Freedom podcast was chock full of helpful context for advisors and their clients. Jason reminds us that when witnessing impressive investment returns, it is essential to recognize that survivorship bias often distorts the picture. Sizeable returns are not solely a testament to skill; they are also a reflection of the substantial risks taken. Honest conversations about risk are crucial—and don’t happen as often as they should.
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