Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return. Conservative positioning entering a crisis is crucial: it enables one to maintain long-term oriented, clear thinking, and to focus on new opportunities while others are distracted or even forced to sell. Portfolio hedges must be in place before a crisis hits. One cannot reliably or affordably increase or replace hedges that are rolling off during a financial crisis.
Sonia Sotomayor
One of the other reasons for writing this book [My Beloved World] was to hold on to the person you first met. More of the world knows about me now and follows me in a way that never happened before. I didn't want me, the inside of me, to change. Because I liked Sonia, the Sonia who has been. So another reason for writing the book was to hold on to that - whatever the best in Sonia was, to try to capture it.
