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Any financial instrument is understood in terms of returns and risk. Investors try to maximize returns while minimizing risks. Well it is easier for us to understand returns but how do we define risks? Before measuring risk the relevant question which springs up in mind is
What is risk?
If we try to google the term, the first link (Wikipedia) shows what risk is. Click here for the definition. Now that definition is only partially true and does not picture the whole image. Try to google the term again with investopedia and …