Warren Buffett & Charlie Munger: Risk vs. Volatility

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Warren Buffett and Charlie Munger explain the difference between risk and volatility. From the 1997 Berkshire Hathaway annual meeting. Top ten investment books; The Intelligent Investor by Ben Graham: https://amzn.to/2XP3Hvo The Big Short by Michael Lewis: https://amzn.to/3ak7Wr0 The Dhandho Investor by Mohnish Pabrai: https://amzn.to/2PqQDgk One Up On Wall Street by Peter Lynch: https://amzn.to/39JM2Kk Ben Graham's Security Analysis: Sixth Edition, Foreword by Warren Buffett: https://amzn.to/2XNYtAh The Little Book of Common Sense Investing by Jack Bogle: https://amzn.to/2UsGk8T Common Sense on Mutual Funds by Jack Bogle: https://amzn.to/2Uxu2wl Common Stocks and Uncommon Profits by Phil Fisher: https://amzn.to/2XOCU2v Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger by Peter Kaufman: https://amzn.to/2oBddW4 The Essays of Warren Buffett: Lessons for Corporate America: https://amzn.to/3EwbNxx (The above are affiliate links.)