April/May
2013
Features
Morningstar Conversation
Spotlight: Risk
Learning to Live With Risk
Once investors accept that risk is part of the
equation, they can take steps to manage it.
36
50
Risk’s Wake-Up Call
Investors can take
precautions, but at some
point, they need to
realize that no one can predict
the future.
Undiscovered Manager
56
Seeing Is Believing
The team at the small-cap
shop SouthernSun relies more
on their senses than
a computer to understand
companies.
Risk On/On Risk
Every investment decision you make is a verdict on risk and uncertainty.
38
The Risk of Being Overconfident
The very best investors know their limitations. Most investors pretend they know.
40
Year of Living Dangerously
Bond investors were rewarded for their risk-taking in 2012. Will they face
a reckoning in 2013?
42
The Risk-Parity Approach
A relatively new way to construct portfolios says many investors aren’t truly diversified.
46
A Guide to Mutual Funds Running Risk-Parity Strategies
Ask these seven questions before putting clients into these challenging funds.
49
What Moats Tell Us About Risk
Stocks with strong competitive advantages offer a path to returns with less risk.
3
Table of Contents for the Digital Edition of Morningstar Advisor - April/May 2013