1. In 2019, a number of well-known stock-picking portfolio managers threw in the towel after investors abandoned them. What do you think was the reason for this? 2. What happens to an investor’s...

1. In 2019, a number of well-known stock-picking portfolio managers threw in the towel after investors abandoned them. What do you think was the reason for this?

2. What happens to an investor’s (degree of) risk tolerance during good economic times and bad economic times? What do you think happened during the financial crisis of 2008?