# Are markets really risky?

Page: https://stenobird.com/podcast/value-research-6239263/are-markets-really-risky
Text version: https://stenobird.com/podcast/value-research-6239263/are-markets-really-risky.md
Podcast: [Value Research](https://stenobird.com/podcast/value-research-6239263)
Published: 2026-04-15T09:50:44+00:00
Episode link: https://valueresearch.podbean.com/e/are-markets-really-risky/
Audio file: https://mcdn.podbean.com/mf/web/qiwzimf3id3tspvm/0804_FP_Are_markets_really_risky_6w4wh.mp3
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JSON: https://stenobird.com/v1/public/podcasts/value-research-6239263/episodes/are-markets-really-risky
Duration seconds: 230

## Resource

If you define risk as volatility, then the stock markets are indeed very risky. But if you define risk as the probability of suffering a loss over the long term, then the risk is entirely manageable.

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## Transcript

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