An Investment Thought

As I was walking out the door I found this scrap of an investment thought on my desk.  I know I read it from somebody else but I don't have the reference.  I will say that I didn't write this although I agree with its process.  I'll share it with you and perhaps refer to it again at a later date.

"Any investment manager is really a risk manager.  Essentially a risk manager's job is to create an option on profits.  This is done in such a way so as to protect finite capital."

Anyway I didn't say this so I'll apologize again for no attribution as I don't have the original linkage.