Pulling the Goalie: What Investors Can Learn About Risk from Hockey

It matters how we think about risk and return

Stephen Foerster
7 min readJun 2, 2021

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Photo by Klim Musalimov on Unsplash

Today, during the National Hockey League (NHL) playoffs, I get to write about two of my favorite topics: investing and hockey (ice hockey, of course — as a stereotypical Canadian who’s skated on frozen ponds and backyard rinks since the age of four, could I be talking about…

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Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)