What all these folks, media, teachers, young, and old have in common is that they're sure that they are the good ones.

Joel Larsen, principal at Navion Financial Advisors in Sacramento, California, says the way to get a true tolerance for risk is to assess it in or shortly after a difficult down market.

The questionnaires financial planners use to assess risk tolerance are typically one-dimensional, focusing almost completely on a person’s capacity to absorb a loss without it affecting his or ...

This “discriminating tolerance” would, as he put it, “mean intolerance against movements from the Right and toleration of movements from the Left.” For the sake of true tolerance and of ...