This past weekend was our second time at the Carolina Jaguar Club Concours d’Elegance in the North Carolina mountains, right by the Blue Ridge Parkway—God’s own road. As you’d expect, people show up in cars representing the past several decades of automotive excellence—this year, from 1949 to 2019. It occurred to me, while I browsed around, taking pictures and dreaming hard of my own someday-Jag, that some “old-car” people accept risks that I would not. And that turned my mind back toward something I’ve put a lot of thought into and written a lot about over the past several years: risk aversion and risk tolerance.
Risk: Aversion vs. Tolerance
Risk: Aversion vs. Tolerance
Risk: Aversion vs. Tolerance
This past weekend was our second time at the Carolina Jaguar Club Concours d’Elegance in the North Carolina mountains, right by the Blue Ridge Parkway—God’s own road. As you’d expect, people show up in cars representing the past several decades of automotive excellence—this year, from 1949 to 2019. It occurred to me, while I browsed around, taking pictures and dreaming hard of my own someday-Jag, that some “old-car” people accept risks that I would not. And that turned my mind back toward something I’ve put a lot of thought into and written a lot about over the past several years: risk aversion and risk tolerance.