🚨 Turning Point! 🔥 It's called "Risk Management" not "Risk Elimination"! 🤔
Understanding this difference is the key to success in the financial world! 🔑 Let's clarify 👇
✨ The Essential Difference:
Risk Elimination: The attempt to completely eliminate any possibility of loss. This is often impossible in investing, and may also mean eliminating profit opportunities! ❌
Risk Management: The process of understanding, measuring, and controlling potential risks. The goal is not to eliminate them, but to reduce their negative impact to an acceptable level. ✅🛡️