ABSTRACT
We began this text by stating risk is a permanent loss of capital. Without a shadow of a doubt, we are absolutely convinced this holds true in all places and at all times. Yes, there are many other forms of ›nancial risk, but ›rst and foremost, investors and risk managers must be concerned about permanent loss. George Samuel Clason, the soldier, businessman, and author in his classic work, The Richest Man in Babylon, captured this essential truth.
