Another Way to Understand Risk: Ritholtz Chart
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Last month, we looked at the concept of risk. As we learned, the things we fear are big, scary and exciting. Instead, we should fear the more mundane things in our lives like cholesterol and heart disease.
Similarly, investors often fear big scary events -- Crashes! Hyper-Inflation! Currency Collapse! What are more likely to damage their portfolios are mundane things like over-trading, excess fees and taxes.
Thanks to the Institute for Health Metrics and Evaluation, you can actually play around with the data and explore the causes of death for Americans (and take a look at this Bloomberg data visualization on the same topic) and many other countries around the world.
Whether you are a chart junkie or a hypochondriac, it's quite fascinating.
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