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Alejandro Treviño
Alejandro’s Kindle Notes & Highlights
The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing), by Howard Marks

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better safety gear can entice climbers to take more risk—making them in fact less safe.”
Alejandro Treviño
This is the Peltzman Effect, and its known as Risk Compensation.
See Alejandro’s 7 notes & 301 highlights
The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)
The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)
by Howard Marks
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