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Risk

Volatility, leverage, black swans, drawdowns, credit risk, and risk management tools.

13 lessons in this subject Beginner → Advanced

Standard deviation, implied volatility, the VIX 'fear index' — how to read market panic.

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Market-wide risk you can't diversify away vs company-specific risk you can.

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Bid-ask spreads, liquidity premiums, and what happens when you can't sell.

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Default probability, credit default swaps, and lessons from Lehman Brothers.

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Nassim Taleb's framework for rare catastrophic events that models don't predict.

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The difference between how much risk you can afford and how much you can psychologically handle.

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Maximum drawdown, recovery time averages, and why a 50% loss needs a 100% gain.

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FX hedging strategies, sanctions, geopolitical shocks, and their market impact.

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Margin calls, amplified losses, and why brokers love it when you use leverage.

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Put options as insurance, the 2% rule, and how professional traders size positions.

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Beta, Sharpe ratio, correlation matrices — measuring and managing portfolio-level risk.

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Why too much in one stock, sector, or country is the most common investor mistake.

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How overconfidence, herding, and anchoring lead directly to risk disasters.

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Answer questions, earn XP, then challenge your mates to stock duels using what you've just learned.