hi all, i’m having a lot of trouble with the last topic in PM, where it discusses willingness/ability etc for risk and liquidity needs, etc. this seems easy but i keep getting the practice questions wrong. anyone have any tricks to remember or any help on it? for example in the textbook they had an endowment fund that was “above average ability for risk” because they have a long time horizon. in my mind i saw endowment funds as generally safe, and even with the horizon care a lot about maintaining principal and wouldnt have “above average” risk tolerance. stuff like that…
search function…somebody explained this few days ago