In this October edition of the Abbot Downing Strategy Report, we explore unique perspectives on risk. Of course, taking on risk can be scary but it is also inevitable and can lead to increased opportunities. Understanding the risks you face and your comfort level with risk can put you on a path where day-to-day volatility doesn’t have you jumping at every soundbite. Next, we drill down to the Abbot Downing process of making active decisions within a portfolio. This means timely and judicious use of deviations from strategic allocations based on the current market environment. In addition, this month’s strategy report also includes third quarter performance results and our regular monthly updates.