{"id":17135,"date":"2018-11-26T13:43:25","date_gmt":"2018-11-26T21:43:25","guid":{"rendered":"http:\/\/www.penderfund.com\/?post_type=podcasts&#038;p=17135"},"modified":"2025-09-16T09:17:58","modified_gmt":"2025-09-16T16:17:58","slug":"evaluating-risk","status":"publish","type":"podcasts","link":"https:\/\/staging.penderfund.com\/fr\/podcasts\/evaluating-risk\/","title":{"rendered":"Evaluating Risk"},"content":{"rendered":"<p class=\"excerpt uk-h3 uk-text-dark uk-margin-medium-top uk-margin-remove-bottom\"><strong>Making One Decision is Better than Making Two.<\/strong><\/p>\n<p class=\"excerpt uk-h3 uk-text-dark uk-margin-medium-top uk-margin-remove-bottom\">In the second of this two part series on risk, David Barr and Felix Narhi move from talking about risk assessment at the company level to risk management at the portfolio level. One of the key aspects is cash management \u2013 having cash on hand always helps to make better decisions and, at the end of the day, investing is a probabilistic endeavor so it\u2019s all about making the best decisions possible. Felix and David also discuss concentration, sector diversification and alignment. Circle of competence makes another reappearance with a significant role to play in risk assessment at the portfolio level as well.<\/p>","protected":false},"featured_media":70400,"template":"","meta":{"_acf_changed":false},"fund-type":[36],"topics":[95],"class_list":["post-17135","podcasts","type-podcasts","status-publish","has-post-thumbnail","hentry","fund-type-equity-funds","topics-pender-process"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Evaluating Risk - PenderFund Capital Management<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evaluating Risk - PenderFund Capital Management\" \/>\n<meta property=\"og:description\" content=\"Making One Decision is Better than Making Two. In the second of this two part series on risk, David Barr and Felix Narhi move from talking about risk assessment at the company level to risk management at the portfolio level. One of the key aspects is cash management \u2013 having cash on hand always helps [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.penderfund.com\/fr\/podcasts\/evaluating-risk\/\" \/>\n<meta property=\"og:site_name\" content=\"PenderFund Capital Management\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/penderfund\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-16T16:17:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/09\/Podcast-Dave-Barr-Pender-Process-Colour.png\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@penderfund\" \/>\n<meta name=\"twitter:label1\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/\",\"url\":\"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/\",\"name\":\"Evaluating Risk - PenderFund Capital Management\",\"isPartOf\":{\"@id\":\"https:\/\/staging.penderfund.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/09\/Podcast-Dave-Barr-Pender-Process-Colour.png\",\"datePublished\":\"2018-11-26T21:43:25+00:00\",\"dateModified\":\"2025-09-16T16:17:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#primaryimage\",\"url\":\"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/09\/Podcast-Dave-Barr-Pender-Process-Colour.png\",\"contentUrl\":\"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/09\/Podcast-Dave-Barr-Pender-Process-Colour.png\",\"width\":850,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/staging.penderfund.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Podcasts\",\"item\":\"https:\/\/staging.penderfund.com\/podcasts\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Evaluating Risk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/staging.penderfund.com\/#website\",\"url\":\"https:\/\/staging.penderfund.com\/\",\"name\":\"PenderFund Capital Management\",\"description\":\"Forward thinking. Finding value.\",\"publisher\":{\"@id\":\"https:\/\/staging.penderfund.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/staging.penderfund.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/staging.penderfund.com\/#organization\",\"name\":\"PenderFund Capital Management\",\"alternateName\":\"PenderFund\",\"url\":\"https:\/\/staging.penderfund.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\/\/staging.penderfund.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/06\/PenderFund-Cap-Man-Logo_English.png\",\"contentUrl\":\"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/06\/PenderFund-Cap-Man-Logo_English.png\",\"width\":850,\"height\":250,\"caption\":\"PenderFund Capital Management\"},\"image\":{\"@id\":\"https:\/\/staging.penderfund.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/penderfund\/\",\"https:\/\/x.com\/penderfund\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Evaluating Risk - PenderFund Capital Management","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"fr_CA","og_type":"article","og_title":"Evaluating Risk - PenderFund Capital Management","og_description":"Making One Decision is Better than Making Two. In the second of this two part series on risk, David Barr and Felix Narhi move from talking about risk assessment at the company level to risk management at the portfolio level. One of the key aspects is cash management \u2013 having cash on hand always helps [&hellip;]","og_url":"https:\/\/staging.penderfund.com\/fr\/podcasts\/evaluating-risk\/","og_site_name":"PenderFund Capital Management","article_publisher":"https:\/\/www.facebook.com\/penderfund\/","article_modified_time":"2025-09-16T16:17:58+00:00","og_image":[{"width":850,"height":400,"url":"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/09\/Podcast-Dave-Barr-Pender-Process-Colour.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@penderfund","twitter_misc":{"Estimation du temps de lecture":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/","url":"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/","name":"Evaluating Risk - PenderFund Capital Management","isPartOf":{"@id":"https:\/\/staging.penderfund.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#primaryimage"},"image":{"@id":"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#primaryimage"},"thumbnailUrl":"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/09\/Podcast-Dave-Barr-Pender-Process-Colour.png","datePublished":"2018-11-26T21:43:25+00:00","dateModified":"2025-09-16T16:17:58+00:00","breadcrumb":{"@id":"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/"]}]},{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#primaryimage","url":"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/09\/Podcast-Dave-Barr-Pender-Process-Colour.png","contentUrl":"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/09\/Podcast-Dave-Barr-Pender-Process-Colour.png","width":850,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/staging.penderfund.com\/podcasts\/evaluating-risk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/staging.penderfund.com\/"},{"@type":"ListItem","position":2,"name":"Podcasts","item":"https:\/\/staging.penderfund.com\/podcasts\/"},{"@type":"ListItem","position":3,"name":"Evaluating Risk"}]},{"@type":"WebSite","@id":"https:\/\/staging.penderfund.com\/#website","url":"https:\/\/staging.penderfund.com\/","name":"Gestion de capital PenderFund lt\u00e9e","description":"Forward thinking. Finding value.","publisher":{"@id":"https:\/\/staging.penderfund.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/staging.penderfund.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Organization","@id":"https:\/\/staging.penderfund.com\/#organization","name":"Gestion de capital PenderFund lt\u00e9e","alternateName":"PenderFund","url":"https:\/\/staging.penderfund.com\/","logo":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/staging.penderfund.com\/#\/schema\/logo\/image\/","url":"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/06\/PenderFund-Cap-Man-Logo_English.png","contentUrl":"https:\/\/staging.penderfund.com\/wp-content\/uploads\/2025\/06\/PenderFund-Cap-Man-Logo_English.png","width":850,"height":250,"caption":"PenderFund Capital Management"},"image":{"@id":"https:\/\/staging.penderfund.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/penderfund\/","https:\/\/x.com\/penderfund"]}]}},"_links":{"self":[{"href":"https:\/\/staging.penderfund.com\/fr\/wp-json\/wp\/v2\/podcasts\/17135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.penderfund.com\/fr\/wp-json\/wp\/v2\/podcasts"}],"about":[{"href":"https:\/\/staging.penderfund.com\/fr\/wp-json\/wp\/v2\/types\/podcasts"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.penderfund.com\/fr\/wp-json\/wp\/v2\/media\/70400"}],"wp:attachment":[{"href":"https:\/\/staging.penderfund.com\/fr\/wp-json\/wp\/v2\/media?parent=17135"}],"wp:term":[{"taxonomy":"fund-type","embeddable":true,"href":"https:\/\/staging.penderfund.com\/fr\/wp-json\/wp\/v2\/fund-type?post=17135"},{"taxonomy":"topics","embeddable":true,"href":"https:\/\/staging.penderfund.com\/fr\/wp-json\/wp\/v2\/topics?post=17135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}