You Can't Avoid Risk in Investing, Says Columbia's Lew

The video discusses investment strategies, emphasizing the importance of understanding risk and return. It highlights common mistakes like following the herd and stresses the need for personalized investment strategies. Advice is given to young investors on using capital for future growth, such as education. The video also covers the risks of investing in volatile assets like cryptocurrency, suggesting that such investments depend on individual risk tolerance.

What is a key principle of investing according to the first section?

• Taking risks to achieve potential returns

• Following popular investment trends

• Investing only in government bonds

• Avoiding all risks to ensure safety

What is a common mistake investors make as discussed in the second section?

• Ignoring the advice of financial experts

• Focusing solely on short-term gains

• Investing in too many different assets

• Following the herd without personal analysis

Why is it important to align investments with personal strategy?

• To follow the latest market trends

• To maximize short-term profits

• To ensure investments are consistent with personal goals

• To avoid paying high taxes

What should someone consider before investing in cryptocurrency?

• The popularity of the cryptocurrency

• The advice of friends

• Their need for the money to live

• The current market price

What is advised for young people with a significant amount of money?

• Donate it to charity

• Keep it in a savings account

• Invest in their future, such as education

• Spend it on luxury items