Investing isn't a matter of luck; it requires careful consideration, especially when it concerns your child's education and future. Therefore, it's essential to focus on risk management just as much as we do on potential returns.
What is risk?
As Prof. Aswath Damodaran says, “Risk is a combination of danger and opportunity. You cannot have one without the other."
In finance, risk is categorised into two types: systematic and unsystematic.
