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Rather, risk is a perception in each investor's mind that results from analysis of the probability and amount of potential loss from an investment. If an exploratory oil well proves to be a dry hole, it is called risky. If a bond defaults or a stock plunges in price, they are called risky. But if the well is a gusher, the bond matures on schedule, and the stock rallies strongly, can we say they weren't risky when the investment after it is concluded than was known when it was made.
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William Lilly
If people suspect their Cattle Bewitched, if they be great Cattle, make the twelfth house their ascendant, and the eleventh their twelfth house, and vary your Rules with Judgment.
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